Caisse de depot et placement du Quebec Acquires Shares of 934,193 Kraft Heinz Company $KHC

Caisse de depot et placement du Quebec bought a new position in Kraft Heinz Company (NASDAQ:KHC) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 934,193 shares of the company’s stock, valued at approximately $22,066,000.

A number of other institutional investors have also modified their holdings of the stock. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at approximately $27,000. Reflection Asset Management purchased a new position in Kraft Heinz during the 4th quarter worth $28,000. DV Equities LLC bought a new stake in Kraft Heinz during the 4th quarter valued at $29,000. Cassaday & Co Wealth Management LLC bought a new stake in Kraft Heinz during the 1st quarter valued at $27,000. Finally, New England Capital Financial Advisors LLC lifted its holdings in shares of Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after buying an additional 511 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Trading Up 2.3%

Shares of NASDAQ KHC opened at $25.70 on Friday. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $28.09. The business has a fifty day moving average price of $25.19 and a 200 day moving average price of $23.93. The stock has a market capitalization of $30.48 billion, a P/E 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 posted its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.03. The company had revenue of $6.26 billion for the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities research analysts expect that Kraft Heinz Company will post 2.06 EPS for the current fiscal 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 $0.40 dividend. The ex-dividend date of this dividend is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.2%. Kraft Heinz’s payout ratio is presently -55.94%.

Insider Activity

In related news, insider Diana Frost sold 18,502 shares of the business’s stock in a transaction that occurred on 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 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.24% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company increased their price target on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 8th. Wall Street Zen downgraded Kraft Heinz from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, May 7th. BNP Paribas Exane raised their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research report on Tuesday, June 30th. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from a “market perform” rating to an “underperform” rating and cut their target price for the company from $25.00 to $21.00 in a research report on Wednesday, June 3rd. One 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 company’s stock. According to MarketBeat.com, Kraft Heinz currently has a consensus rating of “Reduce” and an average price target 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.