Bank of Nova Scotia Purchases Shares of 114,843 Kraft Heinz Company $KHC

Bank of Nova Scotia acquired a new position in Kraft Heinz Company (NASDAQ:KHC - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 114,843 shares of the company's stock, valued at approximately $2,713,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $207,000. Woodline Partners LP increased its position in Kraft Heinz by 39.0% during the first quarter. Woodline Partners LP now owns 73,700 shares of the company's stock worth $2,243,000 after buying an additional 20,690 shares during the last quarter. NewEdge Advisors LLC boosted its position in Kraft Heinz by 16.6% during the second quarter. NewEdge Advisors LLC now owns 51,222 shares of the company's stock worth $1,323,000 after purchasing an additional 7,307 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Kraft Heinz by 0.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 522,147 shares of the company's stock worth $13,482,000 after buying an additional 4,003 shares during the period. Finally, HUB Investment Partners LLC acquired a new stake in shares of Kraft Heinz in the second quarter valued at about $207,000. 78.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on KHC. Barclays upped their target price on shares of Kraft Heinz from $25.00 to $26.00 and gave the company an "equal weight" rating in a research note on Friday, August 7th. JPMorgan Chase & Co. boosted their price objective on Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a research note on Wednesday, July 15th. TD Cowen lifted their target price on Kraft Heinz from $20.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday, August 6th. BNP Paribas Exane raised their price objective on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an "underperform" rating in a research note on Tuesday, June 30th. Finally, Sanford C. Bernstein lowered Kraft Heinz from a "market perform" rating to an "underperform" rating and reduced their target price for the stock from $25.00 to $21.00 in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and a consensus target price of $23.62.

Kraft Heinz Trading Down 2.1%

Shares of NASDAQ:KHC opened at $24.79 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.68 and a current ratio of 1.06. Kraft Heinz Company has a 52-week low of $21.03 and a 52-week high of $28.09. The company has a 50-day simple moving average of $25.09 and a 200 day simple moving average of $23.91. The company has a market capitalization of $29.40 billion, a P/E ratio of -8.67 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.03. The firm had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Sell-side analysts forecast that Kraft Heinz Company will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Friday, September 4th will be paid a $0.40 dividend. The ex-dividend date is Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a yield of 6.5%. Kraft Heinz's dividend payout ratio is -55.94%.

Insider Buying and Selling

In other Kraft Heinz news, insider Diana Frost sold 18,502 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $23.05, for a total value of $426,471.10. Following the transaction, the insider directly owned 102,667 shares of the company's stock, valued at $2,366,474.35. This represents a 15.27% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.24% of the company's stock.

Kraft Heinz News Roundup

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Unusually heavy call-option activity indicates some traders are positioning for upside, with investors buying 82,130 call options—roughly 189% above typical daily volume.
• Positive Sentiment: Kraft Heinz plans to transfer its common-stock listing from Nasdaq to the New York Stock Exchange on September 14, 2026, while retaining the KHC ticker. The move may improve visibility and exchange-branding, although it does not change the company’s fundamentals. Kraft Heinz to Transfer Stock Exchange Listing to NYSE
• Positive Sentiment: Management is using European operations to test healthier, reformulated products, with plans to bring successful concepts to the U.S. This could help refresh the portfolio as consumers become more health-conscious and weight-loss drugs influence food demand. Can Kraft Heinz Use Europe To Refresh Its US Product Line?
• Neutral Sentiment: The stock’s valuation and cash-flow generation remain supportive, while institutional activity was mixed: several large investors increased holdings, but Norges Bank reduced its position. Analysts’ recent price targets have a median of $21, suggesting limited upside at recent trading levels.
• Negative Sentiment: Recent earnings remain the main concern. Second-quarter sales declined 1.4% year over year, organic sales fell 1.3%, and volume/mix declined 2.6 percentage points. Adjusted operating income dropped 18.4% amid higher advertising, manufacturing and logistics costs.
• Negative Sentiment: A $7.4 billion non-cash impairment charge has heightened concerns about the strength of Kraft Heinz’s brands and long-term earnings power. Weak North American volumes and execution risks continue to offset the benefit of an improved 2026 organic-sales outlook. Why Kraft Heinz Stock Is Down Today

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.

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