Caisse DE Depot ET Placement DU Quebec Has $3.28 Million Stock Holdings in Kraft Heinz Company $KHC

Key Points

• Caisse DE Depot ET Placement DU Quebec has sold 380,156 shares of Kraft Heinz, reducing its stake by 77.9% in the first quarter, leaving it with 107,856 shares valued at $3.28 million.
• Kraft Heinz announced a quarterly dividend of $0.40 per share, representing a 5.8% yield, with the ex-dividend date set for August 29th.
• Several hedge funds increased their stakes in Kraft Heinz during the first quarter, reflecting a strong interest in the company, which is currently owned approximately 78.17% by institutional investors.

Caisse DE Depot ET Placement DU Quebec lessened its stake in shares of Kraft Heinz Company (NASDAQ:KHC - Free Report) by 77.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,856 shares of the company's stock after selling 380,156 shares during the period. Caisse DE Depot ET Placement DU Quebec's holdings in Kraft Heinz were worth $3,282,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Comerica Bank increased its stake in shares of Kraft Heinz by 27.3% in the 1st quarter. Comerica Bank now owns 139,579 shares of the company's stock valued at $4,247,000 after purchasing an additional 29,972 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Kraft Heinz by 40.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 11,310 shares of the company's stock valued at $342,000 after purchasing an additional 3,249 shares during the last quarter. Haverford Trust Co bought a new position in shares of Kraft Heinz in the 1st quarter valued at $240,000. Allstate Corp increased its stake in shares of Kraft Heinz by 28.6% in the 1st quarter. Allstate Corp now owns 34,510 shares of the company's stock valued at $1,050,000 after purchasing an additional 7,667 shares during the last quarter. Finally, Compound Planning Inc. bought a new position in shares of Kraft Heinz in the 1st quarter valued at $223,000. Institutional investors own 78.17% of the company's stock.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the company's stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director owned 40,000 shares in the company, valued at approximately $1,116,400. The trade was a 38.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.35% of the company's stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on Kraft Heinz from $27.00 to $29.00 and gave the company an "equal weight" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. initiated coverage on Kraft Heinz in a research note on Wednesday, August 20th. They issued a "neutral" rating and a $27.00 price target on the stock. Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Hsbc Global Res raised Kraft Heinz to a "hold" rating in a report on Friday, August 1st. Finally, UBS Group boosted their price objective on Kraft Heinz from $29.00 to $30.00 and gave the stock a "neutral" rating in a research report on Thursday, July 31st. Sixteen research analysts have rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $30.12.

Kraft Heinz Price Performance

KHC stock traded up $0.33 during midday trading on Monday, reaching $27.97. 23,587,253 shares of the stock were exchanged, compared to its average volume of 11,459,742. The company has a fifty day moving average price of $27.34 and a 200 day moving average price of $28.28. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. The stock has a market capitalization of $33.11 billion, a PE ratio of -6.23, a P/E/G ratio of 3.26 and a beta of 0.23. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. During the same quarter in the previous year, the company posted $0.78 EPS. The business's revenue was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. As a group, analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Friday, August 29th. Kraft Heinz's payout ratio is -35.63%.

Kraft Heinz Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.