OMERS ADMINISTRATION Corp Purchases New Holdings in Kraft Heinz Company $KHC

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

Other hedge funds also recently made changes to their positions in the company. Graney & King LLC grew its holdings in shares of Kraft Heinz by 20.5% during the fourth quarter. Graney & King LLC now owns 2,560 shares of the company’s stock valued at $62,000 after purchasing an additional 435 shares during the last quarter. New England Capital Financial Advisors LLC lifted its stake in shares of Kraft Heinz by 70.2% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after acquiring an additional 511 shares during the period. Deseret Mutual Benefit Administrators lifted its position in Kraft Heinz by 6.6% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 8,281 shares of the company’s stock worth $201,000 after purchasing an additional 515 shares during the period. Bridgewater Associates LP grew its holdings in Kraft Heinz by 1.1% during the fourth quarter. Bridgewater Associates LP now owns 52,833 shares of the company’s stock worth $1,281,000 after acquiring an additional 578 shares during the period. Finally, Cohen Investment Advisors LLC grew its stake in shares of Kraft Heinz by 4.6% in the 1st quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company’s stock worth $304,000 after purchasing an additional 592 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In related news, insider Diana Frost sold 18,502 shares of the company’s stock in a transaction on Thursday, June 18th. The shares were 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 in the company, 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 document filed with the SEC, which is accessible through this link. Corporate insiders own 0.24% of the company’s stock.

Wall Street Analysts Forecast Growth

KHC has been the topic of several recent analyst reports. UBS Group boosted their price objective on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. BNP Paribas Exane boosted their price target on shares of Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a report on Tuesday, June 30th. Weiss Ratings downgraded shares of Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, Piper Sandler increased their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $23.62.

Kraft Heinz Trading Up 1.4%

NASDAQ:KHC opened at $25.13 on Friday. The company has a market capitalization of $29.80 billion, a P/E ratio of -8.79 and a beta of 0.08. The stock’s 50 day moving average price is $25.14 and its 200 day moving average price is $23.91. 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.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share (EPS) for the quarter, beating 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 was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, research analysts forecast that Kraft Heinz Company will post 2.06 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed 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. This represents a $1.60 annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Friday, September 4th. Kraft Heinz’s payout ratio is presently -55.94%.

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.