Kraft Heinz Company $KHC Shares Acquired by Healthcare of Ontario Pension Plan Trust Fund

Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,644,173 shares of the company’s stock after buying an additional 22,220 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kraft Heinz were worth $64,121,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Schroder Investment Management Group boosted its holdings in shares of Kraft Heinz by 2.4% in the 3rd quarter. Schroder Investment Management Group now owns 3,263,971 shares of the company’s stock valued at $84,994,000 after buying an additional 77,045 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Kraft Heinz by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after buying an additional 616,283 shares during the period. Swiss Life Asset Management Ltd boosted its holdings in shares of Kraft Heinz by 148.4% in the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock valued at $52,595,000 after buying an additional 1,295,688 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Kraft Heinz by 37.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,986,084 shares of the company’s stock valued at $51,717,000 after buying an additional 540,532 shares during the period. Finally, Westhampton Capital LLC acquired a new position in shares of Kraft Heinz in the 4th quarter valued at about $1,222,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on KHC. Jefferies Financial Group decreased their price target on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating for the company in a report on Monday, March 30th. BNP Paribas Exane reduced their target price on shares of Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating for the company in a research note on Wednesday, March 25th. Mizuho reduced their target price on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a research note on Monday, February 23rd. Finally, BTIG Research started coverage on shares of Kraft Heinz in a research note on Monday, April 13th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have given a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $22.69.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $24.39 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. The firm has a 50-day moving average price of $23.08 and a two-hundred day moving average price of $23.58. The firm has a market capitalization of $28.92 billion, a price-to-earnings ratio of -5.02 and a beta of 0.08. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $29.19.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. Kraft Heinz’s revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Sell-side analysts expect that Kraft Heinz Company will post 2.07 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, June 5th. Kraft Heinz’s dividend payout ratio is currently -32.92%.

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.