Ontario Teachers Pension Plan Board Raises Stock Holdings in Kraft Heinz Company $KHC

Ontario Teachers Pension Plan Board raised its holdings in Kraft Heinz Company (NASDAQ:KHC) by 513.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 161,397 shares of the company’s stock after purchasing an additional 135,096 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Kraft Heinz were worth $4,203,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. STF Management LP increased its holdings in Kraft Heinz by 2.1% in the 2nd quarter. STF Management LP now owns 18,475 shares of the company’s stock worth $477,000 after acquiring an additional 374 shares in the last quarter. Parkside Financial Bank & Trust grew its position in shares of Kraft Heinz by 15.5% in the third quarter. Parkside Financial Bank & Trust now owns 3,219 shares of the company’s stock valued at $84,000 after purchasing an additional 431 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Kraft Heinz by 13.4% during the third quarter. Hantz Financial Services Inc. now owns 3,894 shares of the company’s stock worth $101,000 after purchasing an additional 460 shares in the last quarter. Barrett & Company Inc. raised its position in shares of Kraft Heinz by 22.7% during the 3rd quarter. Barrett & Company Inc. now owns 2,700 shares of the company’s stock worth $70,000 after purchasing an additional 500 shares during the last quarter. Finally, Silverlake Wealth Management LLC lifted its stake in Kraft Heinz by 3.4% in the 2nd quarter. Silverlake Wealth Management LLC now owns 16,021 shares of the company’s stock valued at $414,000 after buying an additional 530 shares in the last quarter. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 0.7%

Shares of KHC stock opened at $23.95 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a twelve month low of $21.99 and a twelve month high of $33.35. The company’s 50-day moving average price is $23.99 and its 200-day moving average price is $25.24. The stock has a market cap of $28.35 billion, a price-to-earnings ratio of -4.85 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, February 11th. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.38 billion. During the same period in the previous year, the firm earned $0.84 earnings per share. Kraft Heinz’s quarterly revenue was down 3.4% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, equities analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Friday, March 6th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 6.7%. The ex-dividend date is Friday, March 6th. Kraft Heinz’s dividend payout ratio is presently -32.39%.

Wall Street Analyst Weigh In

Several research firms have commented on KHC. Morgan Stanley reiterated an “underweight” rating and set a $23.00 price objective on shares of Kraft Heinz in a research note on Tuesday. BNP Paribas Exane dropped their price target on Kraft Heinz from $22.00 to $20.00 and set an “underperform” rating for the company in a research report on Thursday, February 12th. Jefferies Financial Group decreased their price objective on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. UBS Group upped 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 Friday, February 13th. Finally, Barclays increased their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the company an “equal weight” rating in a research report on Thursday, February 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $25.00.

Insider Transactions at Kraft Heinz

In other news, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction on 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 transaction, the insider owned 686,817 shares of the company’s stock, valued at $17,046,797.94. This represents a 15.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.35% of the stock is currently owned by company insiders.

Kraft Heinz Company 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.