Healthcare of Ontario Pension Plan Trust Fund Lowers Stock Holdings in Kraft Heinz Company $KHC

Healthcare of Ontario Pension Plan Trust Fund reduced its holdings in Kraft Heinz Company (NASDAQ:KHC) by 86.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 364,000 shares of the company’s stock after selling 2,280,173 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kraft Heinz were worth $8,186,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Cassaday & Co Wealth Management LLC purchased a new position in shares of Kraft Heinz during the 1st quarter valued at approximately $27,000. Jessup Wealth Management Inc acquired a new position in Kraft Heinz during the fourth quarter worth $27,000. Reflection Asset Management acquired a new position in Kraft Heinz during the fourth quarter worth $28,000. Key Capital Management INC purchased a new position in Kraft Heinz during the fourth quarter valued at $29,000. Finally, DV Equities LLC purchased a new position in Kraft Heinz during the fourth quarter valued at $29,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the firm’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $23.05, for a total value of $426,471.10. Following the completion of the sale, the insider directly owned 102,667 shares of the company’s stock, valued at $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 available through this hyperlink. 0.24% of the stock is currently owned by insiders.

Analyst Ratings Changes

KHC has been the subject of a number of research reports. UBS Group boosted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research note on Thursday, April 23rd. Wells Fargo & Company lifted their price target on Kraft Heinz from $23.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 8th. Wall Street Zen raised Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Finally, Evercore set a $23.00 price objective on Kraft Heinz in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $23.19.

Kraft Heinz Trading Up 4.1%

KHC opened at $27.30 on Wednesday. The firm has a market capitalization of $32.37 billion, a price-to-earnings ratio of -5.62 and a beta of 0.09. The company’s 50 day simple moving average is $24.30 and its two-hundred day simple moving average is $23.62. Kraft Heinz Company has a 1-year low of $21.03 and a 1-year high of $29.19. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.20 and a quick ratio of 0.82.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.08. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.89 billion. During the same period in the prior year, the business earned $0.62 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts expect that Kraft Heinz Company will post 2.07 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 26th. Shareholders of record on Friday, June 5th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.9%. The ex-dividend date was Friday, June 5th. Kraft Heinz’s dividend payout ratio is presently -32.92%.

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.