Kraft Heinz Company $KHC Stock Purchased by Howard Capital Management LLC

Key Points

• Howard Capital Management increased its Kraft Heinz stake by 184% in the third quarter, acquiring 183,959 additional shares and bringing its holdings to 283,914 shares worth approximately $6.45 million.
• Institutional investors own 78.17% of Kraft Heinz, while analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and a $23.75 price target.
• Kraft Heinz shares recently traded at $23.72, and the company reported quarterly earnings of $0.56 per share on $6.26 billion in revenue. Its quarterly dividend of $0.40 equates to a 6.7% annualized yield.

Howard Capital Management LLC lifted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 184.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 283,914 shares of the company's stock after purchasing an additional 183,959 shares during the period. Howard Capital Management LLC's holdings in Kraft Heinz were worth $6,451,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Ellsworth Advisors LLC purchased a new position in shares of Kraft Heinz in the 3rd quarter valued at $1,712,000. V Square Quantitative Management LLC raised its position in shares of Kraft Heinz by 18.6% in the 3rd quarter. V Square Quantitative Management LLC now owns 20,198 shares of the company's stock worth $459,000 after acquiring an additional 3,165 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of Kraft Heinz by 135.0% during the 3rd quarter. Assenagon Asset Management S.A. now owns 167,761 shares of the company's stock worth $3,812,000 after purchasing an additional 96,372 shares during the last quarter. Brindle & Bay Financial Advisors LLC lifted its stake in shares of Kraft Heinz by 29.1% during the 3rd quarter. Brindle & Bay Financial Advisors LLC now owns 53,041 shares of the company's stock worth $1,205,000 after purchasing an additional 11,958 shares during the last quarter. Finally, TT Capital Management LLC boosted its position in Kraft Heinz by 4.9% during the third quarter. TT Capital Management LLC now owns 19,662 shares of the company's stock valued at $447,000 after purchasing an additional 913 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on KHC shares. UBS Group reiterated a "neutral" rating on shares of Kraft Heinz in a research note on Thursday. Wall Street Zen lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Royal Bank Of Canada reissued an "outperform" rating and set a $32.00 price target on shares of Kraft Heinz in a research report on Thursday, September 24th. Evercore set a $24.00 price target on shares of Kraft Heinz in a report on Thursday, August 6th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $22.00 price objective on shares of Kraft Heinz in a research report on Tuesday, September 22nd. One analyst has rated the stock with a Buy rating, eleven have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus price target of $23.75.

Kraft Heinz Stock Up 1.9%

NASDAQ:KHC traded up $0.44 during mid-day trading on Friday, hitting $23.72. 13,673,796 shares of the company's stock traded hands, compared to its average volume of 15,965,425. The company has a fifty day moving average of $24.23 and a 200 day moving average of $23.99. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $28.09. The company has a market capitalization of $28.12 billion, a P/E ratio of -8.29, a P/E/G ratio of 2.99 and a beta of 0.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The business had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same quarter last year, the company earned $0.69 earnings per share. The company's quarterly revenue was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Friday, September 4th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.7%. The ex-dividend date of this dividend was Friday, September 4th. Kraft Heinz's dividend payout ratio (DPR) is presently -55.94%.

Kraft Heinz Profile

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets packaged foods and beverages for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and other grocery items.

The company's brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.

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