Oregon Public Employees Retirement Fund Buys 22,812 Shares of Kraft Heinz Company $KHC

Oregon Public Employees Retirement Fund raised its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 30.6% in the third quarter, HoldingsChannel reports. The firm owned 97,382 shares of the company’s stock after buying an additional 22,812 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Kraft Heinz were worth $2,536,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. Rakuten Securities Inc. raised its holdings in Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after acquiring an additional 788 shares during the period. Cape Investment Advisory Inc. increased its holdings in shares of Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock worth $33,000 after buying an additional 807 shares during the last quarter. Mid American Wealth Advisory Group Inc. purchased a new stake in Kraft Heinz during the second quarter valued at approximately $39,000. Hilltop National Bank bought a new stake in Kraft Heinz in the second quarter worth $41,000. Finally, Albion Financial Group UT purchased a new position in shares of Kraft Heinz during the 3rd quarter worth about $43,000. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a report on Wednesday, October 8th. Mizuho lowered their target price on shares of Kraft Heinz from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Kraft Heinz from $27.00 to $26.00 in a research note on Thursday, October 30th. BNP Paribas Exane decreased their price objective on shares of Kraft Heinz from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, December 16th. Finally, DZ Bank upgraded Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 19th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $26.63.

Kraft Heinz Price Performance

Shares of NASDAQ KHC opened at $23.39 on Tuesday. Kraft Heinz Company has a one year low of $22.91 and a one year high of $33.35. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.73 and a current ratio of 1.13. The firm has a market capitalization of $27.69 billion, a P/E ratio of -6.27 and a beta of 0.09. The company’s fifty day moving average is $24.46 and its two-hundred day moving average is $25.88.

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

Kraft Heinz Cuts Dividend

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

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider owned 686,817 shares in the company, valued at $17,046,797.94. This represents a 15.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.35% of the company’s stock.

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.