Caisse de depot et placement du Quebec Invests $22.07 Million in Kraft Heinz Company $KHC

Caisse de depot et placement du Quebec bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHCFree 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

A number of research analysts recently commented on KHC shares. Wells Fargo & Company increased their price target on shares of Kraft Heinz from $23.00 to $25.00 and gave the company an “equal weight” rating in a report on Wednesday, July 8th. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, August 6th. TD Cowen raised their price objective on Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, August 6th. Evercore set a $24.00 target price on Kraft Heinz in a report on Thursday, August 6th. Finally, Piper Sandler boosted their target price on Kraft Heinz from $24.00 to $25.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $23.62.

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:KHCGet 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

(Free Report)

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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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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