Canada Pension Plan Investment Board Purchases Shares of 1,240,626 Kraft Heinz Company $KHC

Canada Pension Plan Investment Board purchased a new position in shares of Kraft Heinz Company (NASDAQ:KHC) during the second quarter, Holdings Channel.com reports. The firm purchased 1,240,626 shares of the company’s stock, valued at approximately $29,304,000.

Other large investors also recently modified their holdings of the company. Swiss Life Asset Management Ltd raised its holdings in shares of Kraft Heinz by 148.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after purchasing an additional 1,295,688 shares during the last quarter. Swedbank AB raised its stake in shares of Kraft Heinz by 10.2% during the 4th quarter. Swedbank AB now owns 1,359,161 shares of the company’s stock valued at $32,960,000 after buying an additional 125,307 shares during the last quarter. AustralianSuper Pty Ltd raised its stake in shares of Kraft Heinz by 68.7% during the 4th quarter. AustralianSuper Pty Ltd now owns 2,052,635 shares of the company’s stock valued at $49,776,000 after buying an additional 835,554 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Kraft Heinz by 2.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,200,583 shares of the company’s stock valued at $53,672,000 after buying an additional 56,695 shares during the period. Finally, Franklin Street Advisors Inc. NC raised its position in Kraft Heinz by 70.2% during the second quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company’s stock valued at $23,487,000 after acquiring an additional 410,029 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Up 2.3%

Shares of KHC opened at $25.70 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.68 and a debt-to-equity ratio of 0.49. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The stock’s 50 day moving average is $25.19 and its two-hundred day moving average is $23.93. The firm has a market cap of $30.48 billion, a P/E ratio of -8.99 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to analysts’ expectations of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The business’s revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts predict that Kraft Heinz Company will post 2.06 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a $0.40 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. Kraft Heinz’s dividend payout ratio (DPR) is -55.94%.

Insider Activity

In other news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider owned 102,667 shares of the company’s stock, valued at $2,366,474.35. The trade was a 15.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.24% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms have commented on KHC. JPMorgan Chase & Co. upped their price objective on Kraft Heinz from $21.00 to $22.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 15th. Piper Sandler lifted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a report on Thursday, August 6th. Sanford C. Bernstein cut shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their target price for the company from $25.00 to $21.00 in a research note on Wednesday, June 3rd. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Finally, Barclays raised their price target on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and a consensus target price of $23.62.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.