Healthcare of Ontario Pension Plan Trust Fund Raises Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 106.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 229,844 shares of the company’s stock after purchasing an additional 118,364 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Kraft Heinz were worth $8,070,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of KHC. Dimensional Fund Advisors LP grew its stake in Kraft Heinz by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after acquiring an additional 1,778,263 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its position in Kraft Heinz by 387.7% during the third quarter. Thompson Siegel & Walmsley LLC now owns 1,455,033 shares of the company’s stock valued at $51,086,000 after purchasing an additional 1,156,712 shares during the last quarter. Marshall Wace LLP lifted its position in Kraft Heinz by 260.8% during the second quarter. Marshall Wace LLP now owns 1,169,657 shares of the company’s stock valued at $37,686,000 after purchasing an additional 845,490 shares during the last quarter. Poplar Forest Capital LLC bought a new stake in Kraft Heinz during the second quarter valued at approximately $26,353,000. Finally, Legal & General Group Plc lifted its position in Kraft Heinz by 9.7% during the second quarter. Legal & General Group Plc now owns 9,064,592 shares of the company’s stock valued at $292,061,000 after purchasing an additional 799,581 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Stifel Nicolaus lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their target price for the company from $40.00 to $38.00 in a research report on Friday, October 25th. Mizuho lowered their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Piper Sandler restated a “neutral” rating and issued a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Finally, The Goldman Sachs Group lowered their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and an average price target of $36.55.

Kraft Heinz Trading Up 0.1 %

Shares of KHC opened at $31.97 on Friday. The stock has a market capitalization of $38.66 billion, a P/E ratio of 28.80, a PEG ratio of 3.65 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $33.77 and a two-hundred day simple moving average of $34.13. The Kraft Heinz Company has a twelve month low of $30.40 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the prior year, the company posted $0.72 EPS. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, research analysts anticipate that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz’s payout ratio is currently 144.14%.

Insiders Place Their Bets

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.32% of the stock is currently owned by company insiders.

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.