The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 11.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 184,191 shares of the company’s stock after acquiring an additional 19,327 shares during the quarter. Kraft Heinz makes up 1.1% of Hudson Edge Investment Partners Inc.’s investment portfolio, making the stock its 24th biggest holding. Hudson Edge Investment Partners Inc.’s holdings in Kraft Heinz were worth $5,935,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Steward Partners Investment Solutions LLC acquired a new position in Kraft Heinz in the fourth quarter valued at approximately $25,000. New Covenant Trust Company N.A. acquired a new position in shares of Kraft Heinz in the 1st quarter valued at $27,000. Asset Dedication LLC grew its position in shares of Kraft Heinz by 94.8% in the 2nd quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after buying an additional 476 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in Kraft Heinz during the 4th quarter worth $38,000. Finally, Hantz Financial Services Inc. purchased a new stake in Kraft Heinz in the second quarter valued at $34,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on KHC. Wells Fargo & Company raised their price objective on Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. Evercore ISI cut their price target on Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Citigroup decreased their price objective on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. JPMorgan Chase & Co. cut their target price on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Finally, Barclays increased their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz currently has an average rating of “Hold” and an average price target of $37.31.

Insider Activity

In related news, insider Cory Onell sold 4,076 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $36.00, for a total transaction of $146,736.00. Following the sale, the insider now owns 143,970 shares of the company’s stock, valued at $5,182,920. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ KHC traded down $0.29 during trading hours on Friday, hitting $35.84. 5,831,944 shares of the stock were exchanged, compared to its average volume of 7,934,222. The Kraft Heinz Company has a 12-month low of $30.68 and a 12-month high of $38.96. The stock has a 50-day moving average of $34.14 and a 200 day moving average of $35.07. The company has a market cap of $43.52 billion, a price-to-earnings ratio of 15.65, a price-to-earnings-growth ratio of 3.32 and a beta of 0.49. The company has a quick ratio of 0.53, a current ratio of 1.01 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.55 billion. During the same period last year, the firm earned $0.79 EPS. The company’s quarterly revenue was down 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that The Kraft Heinz Company will post 3.02 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, August 30th will be paid a dividend of $0.40 per share. The ex-dividend date is Friday, August 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.46%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.