Oregon Public Employees Retirement Fund Boosts Position in Kraft Heinz Company $KHC

Oregon Public Employees Retirement Fund boosted its position in Kraft Heinz Company (NASDAQ:KHC) by 30.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 97,382 shares of the company’s stock after acquiring an additional 22,812 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Kraft Heinz were worth $2,536,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its stake in Kraft Heinz by 0.4% in the 2nd quarter. Vanguard Group Inc. now owns 102,435,702 shares of the company’s stock worth $2,644,890,000 after purchasing an additional 454,868 shares in the last quarter. State Street Corp raised its stake in Kraft Heinz by 1.0% during the 2nd quarter. State Street Corp now owns 46,376,394 shares of the company’s stock valued at $1,197,438,000 after purchasing an additional 462,963 shares during the last quarter. Geode Capital Management LLC lifted its position in Kraft Heinz by 14.7% in the second quarter. Geode Capital Management LLC now owns 26,446,203 shares of the company’s stock worth $681,663,000 after purchasing an additional 3,392,470 shares during the period. Invesco Ltd. boosted its holdings in shares of Kraft Heinz by 7.1% in the 2nd quarter. Invesco Ltd. now owns 17,584,674 shares of the company’s stock worth $454,036,000 after acquiring an additional 1,171,262 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Kraft Heinz in the second quarter worth about $276,159,000. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Trading Down 0.1%

NASDAQ KHC opened at $23.39 on Tuesday. The stock’s 50 day moving average is $24.46 and its 200 day moving average is $25.88. The company has a quick ratio of 0.73, a current ratio of 1.13 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $27.69 billion, a PE ratio of -6.27 and a beta of 0.09. Kraft Heinz Company has a twelve month low of $22.91 and a twelve month high of $33.35.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, October 29th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.27 billion. During the same quarter in the previous year, the business posted $0.75 EPS. The company’s quarterly revenue was down 2.3% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.500-2.57 EPS. Research analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, November 28th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.8%. The ex-dividend date of this dividend was Friday, November 28th. Kraft Heinz’s payout ratio is -42.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Jefferies Financial Group reiterated a “hold” rating on shares of Kraft Heinz in a research report on Tuesday, December 16th. The Goldman Sachs Group dropped their price target on shares of Kraft Heinz from $30.00 to $27.00 in a research report on Thursday, October 30th. BNP Paribas Exane lowered their target price on Kraft Heinz from $26.00 to $25.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 16th. Finally, Mizuho reduced their price objective on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a research report on Tuesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $26.63.

Insider Buying and Selling at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of Kraft Heinz stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. The trade was a 15.40% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.35% of the stock is owned by insiders.

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.