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

Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,644,173 shares of the company’s stock after acquiring an additional 22,220 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund owned about 0.22% of Kraft Heinz worth $64,121,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in KHC. Ashton Thomas Private Wealth LLC purchased a new stake in Kraft Heinz during the 1st quarter worth $207,000. Woodline Partners LP increased its stake in Kraft Heinz by 39.0% during the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after buying an additional 20,690 shares during the period. NewEdge Advisors LLC increased its stake in Kraft Heinz by 16.6% during the 2nd quarter. NewEdge Advisors LLC now owns 51,222 shares of the company’s stock worth $1,323,000 after buying an additional 7,307 shares during the period. The Manufacturers Life Insurance Company increased its stake in Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company’s stock worth $13,482,000 after buying an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC purchased a new stake in Kraft Heinz during the 2nd quarter worth $207,000. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Price Performance

KHC opened at $24.39 on Monday. The company has a 50-day moving average of $23.08 and a 200-day moving average of $23.58. The company has a market capitalization of $28.92 billion, a P/E ratio of -5.02 and a beta of 0.08. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20.

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

Kraft Heinz Announces Dividend

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

Wall Street Analyst Weigh In

KHC has been the topic of several analyst reports. JPMorgan Chase & Co. dropped their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 25th. BNP Paribas Exane dropped their price target on shares of Kraft Heinz from $18.00 to $17.00 in a research note on Thursday, May 7th. TD Cowen dropped their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, March 25th. Jefferies Financial Group dropped their price target on shares of Kraft Heinz from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and an average price target of $22.69.

Kraft Heinz Profile

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.