Caisse de depot et placement du Quebec bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 934,193 shares of the company’s stock, valued at approximately $22,066,000. Caisse de depot et placement du Quebec owned about 0.08% of Kraft Heinz as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of KHC. Man Group plc purchased a new stake in Kraft Heinz during the second quarter valued at $34,707,000. Jupiter Topco LLC purchased a new position in shares of Kraft Heinz in the 2nd quarter worth $2,538,000. Hsbc Holdings PLC purchased a new position in shares of Kraft Heinz in the 2nd quarter worth $49,015,000. EFG International AG bought a new stake in shares of Kraft Heinz in the 2nd quarter worth about $391,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Kraft Heinz during the 2nd quarter valued at about $29,304,000. Institutional investors own 78.17% of the company’s stock.
Insider Activity
In related news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction that occurred on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total transaction of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This trade represents a 15.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.24% of the company’s stock.
Wall Street Analyst Weigh In
Check Out Our Latest Analysis on KHC
Kraft Heinz Price Performance
KHC stock opened at $25.70 on Friday. The stock has a market cap of $30.48 billion, a PE ratio of -8.99 and a beta of 0.08. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The company has a 50-day moving average price of $25.19 and a 200 day moving average price of $23.93. 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 (NASDAQ:KHC – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates 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 negative net margin of 13.64% and a positive return on equity of 7.10%. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Equities research analysts anticipate that Kraft Heinz Company will post 2.06 earnings per share for the current year.
Kraft Heinz Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Stockholders of record on Friday, September 4th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 6.2%. The ex-dividend date is Friday, September 4th. Kraft Heinz’s dividend payout ratio is presently -55.94%.
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.
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