OMERS ADMINISTRATION Corp Takes $1.08 Million Position in Kraft Heinz Company $KHC

OMERS ADMINISTRATION Corp purchased a new position in Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 45,550 shares of the company’s stock, valued at approximately $1,076,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in Kraft Heinz by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 102,933,219 shares of the company’s stock valued at $2,496,131,000 after buying an additional 616,283 shares in the last quarter. Swiss Life Asset Management Ltd lifted its stake in Kraft Heinz by 148.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock valued at $52,595,000 after acquiring an additional 1,295,688 shares during the period. Swedbank AB lifted its position in Kraft Heinz by 10.2% during the fourth quarter. Swedbank AB now owns 1,359,161 shares of the company’s stock valued at $32,960,000 after purchasing an additional 125,307 shares during the period. AustralianSuper Pty Ltd boosted its stake in shares of Kraft Heinz by 68.7% in the fourth quarter. AustralianSuper Pty Ltd now owns 2,052,635 shares of the company’s stock worth $49,776,000 after buying an additional 835,554 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in Kraft Heinz by 2.6% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,200,583 shares of the company’s stock worth $53,672,000 after purchasing an additional 56,695 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $23.05, for a total transaction of $426,471.10. Following the transaction, the insider owned 102,667 shares of the company’s stock, valued at approximately $2,366,474.35. This represents a 15.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $25.13 on Friday. The firm’s fifty day simple moving average is $25.14 and its 200-day simple moving average is $23.91. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $28.09. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The stock has a market capitalization of $29.80 billion, a price-to-earnings ratio of -8.79 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The firm had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the company earned $0.69 earnings per share. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. As a group, equities analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business 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 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is -55.94%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. UBS Group boosted their price objective on Kraft Heinz from $25.00 to $27.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Weiss Ratings lowered shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Deutsche Bank Aktiengesellschaft lifted their price target on Kraft Heinz from $20.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, May 7th. Sanford C. Bernstein cut Kraft Heinz from a “market perform” rating to an “underperform” rating and decreased their price objective for the company from $25.00 to $21.00 in a report on Wednesday, June 3rd. Finally, BNP Paribas Exane increased their target price on shares of Kraft Heinz from $17.00 to $19.00 and gave the stock an “underperform” rating in a research note on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat, Kraft Heinz has an average rating of “Reduce” and an average price target of $23.62.

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.