Canada Pension Plan Investment Board Has $34.25 Million Stock Position in Kraft Heinz Company $KHC

Key Points

• The Canada Pension Plan Investment Board reduced its holdings in Kraft Heinz Company by 43.5%, selling 865,888 shares in the first quarter, leaving it with approximately 1,125,641 shares valued at about $34.25 million.
• Several institutional investors have recently adjusted their positions with Hara Capital LLC increasing its stake by 61.9%, and overall, institutional ownership accounts for 78.17% of Kraft Heinz's stock.
• Kraft Heinz declared a quarterly dividend of $0.40 per share, which will be paid on September 26, and represents an annualized yield of 5.7%.

Canada Pension Plan Investment Board reduced its stake in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 43.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,125,641 shares of the company's stock after selling 865,888 shares during the period. Canada Pension Plan Investment Board owned 0.10% of Kraft Heinz worth $34,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Rossby Financial LCC purchased a new stake in Kraft Heinz in the 1st quarter worth approximately $29,000. Wayfinding Financial LLC purchased a new position in shares of Kraft Heinz during the first quarter valued at approximately $33,000. Investment Management Corp VA ADV raised its position in Kraft Heinz by 141.7% in the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company's stock worth $35,000 after acquiring an additional 669 shares during the period. Pinney & Scofield Inc. bought a new position in shares of Kraft Heinz in the fourth quarter worth approximately $38,000. Finally, Abound Wealth Management lifted its position in Kraft Heinz by 1,157.0% during the first quarter. Abound Wealth Management now owns 1,257 shares of the company's stock valued at $38,000 after purchasing an additional 1,157 shares during the last quarter. 78.17% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction dated Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the transaction, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on KHC. Stifel Nicolaus cut their price objective on shares of Kraft Heinz from $30.00 to $28.00 and set a "hold" rating on the stock in a research report on Wednesday. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Morgan Stanley set a $29.00 target price on shares of Kraft Heinz and gave the stock an "equal weight" rating in a research report on Wednesday. The Goldman Sachs Group raised shares of Kraft Heinz from a "sell" rating to a "neutral" rating and upped their price target for the company from $25.00 to $27.00 in a report on Wednesday, June 25th. Finally, UBS Group set a $28.00 price objective on Kraft Heinz and gave the company a "neutral" rating in a research report on Thursday. Seventeen analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Reduce" and a consensus target price of $29.76.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC traded up $0.33 during mid-day trading on Friday, reaching $27.29. 14,631,569 shares of the company's stock were exchanged, compared to its average volume of 12,623,909. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. The firm has a market capitalization of $32.30 billion, a price-to-earnings ratio of -6.08, a price-to-earnings-growth ratio of 3.14 and a beta of 0.23. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.31. The firm has a 50-day moving average price of $27.43 and a two-hundred day moving average price of $28.24.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.35 billion during the quarter, compared to the consensus estimate of $6.26 billion. During the same quarter in the prior year, the company earned $0.78 earnings per share. The firm's quarterly revenue was down 1.9% compared to the same quarter last year. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Investors of record on Friday, August 29th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Friday, August 29th. Kraft Heinz's dividend payout ratio is currently -35.63%.

About Kraft Heinz

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.