1,240,626 Shares in Kraft Heinz Company $KHC Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,240,626 shares of the company’s stock, valued at approximately $29,304,000. Canada Pension Plan Investment Board owned 0.10% of Kraft Heinz as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider owned 102,667 shares in the company, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.24% of the stock is owned by corporate insiders.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $25.70 on Friday. The business’s 50 day simple moving average is $25.19 and its 200 day simple moving average is $23.93. Kraft Heinz Company has a one year low of $21.03 and a one year high of $28.09. The stock has a market capitalization of $30.48 billion, a PE ratio of -8.99 and a beta of 0.08. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share 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 the consensus estimate of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, research analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be given a dividend of $0.40 per share. 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 is -55.94%.

Analyst Ratings Changes

Several research firms have recently issued reports on KHC. UBS Group upped their price objective on Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a research note on Thursday, August 6th. Piper Sandler boosted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Evercore set a $24.00 price target on shares of Kraft Heinz in a research note on Thursday, August 6th. Sanford C. Bernstein lowered shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their price target for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. Finally, Wall Street Zen cut shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $23.62.

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.