Caisse Des Depots ET Consignations Takes $1.18 Million Position in Kraft Heinz Company $KHC

Caisse Des Depots ET Consignations bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 48,680 shares of the company’s stock, valued at approximately $1,180,000.

A number of other hedge funds have also recently modified their holdings of the business. Key Capital Management INC bought a new position in Kraft Heinz in the fourth quarter worth approximately $29,000. New England Capital Financial Advisors LLC grew its stake in Kraft Heinz by 70.2% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,239 shares of the company’s stock worth $30,000 after purchasing an additional 511 shares in the last quarter. Rakuten Securities Inc. grew its stake in Kraft Heinz by 172.4% in the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock worth $32,000 after purchasing an additional 788 shares in the last quarter. Anfield Capital Management LLC grew its stake in Kraft Heinz by 256.7% in the third quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 914 shares in the last quarter. Finally, Sentry Investment Management LLC bought a new position in Kraft Heinz in the third quarter worth approximately $38,000. Institutional investors own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,991 shares of the stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total transaction of $121,480.94. Following the sale, the insider owned 197,463 shares of the company’s stock, valued at approximately $4,806,249.42. This trade represents a 2.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.24% of the company’s stock.

Kraft Heinz Stock Down 0.8%

Shares of NASDAQ KHC opened at $22.49 on Friday. The company has a current ratio of 1.15, a quick ratio of 0.79 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $26.67 billion, a PE ratio of -4.55 and a beta of 0.06. The stock’s fifty day simple moving average is $22.87 and its two-hundred day simple moving average is $23.89. Kraft Heinz Company has a 12-month low of $21.03 and a 12-month high of $29.19.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.06. The business had revenue of $6.35 billion for the quarter, compared to analysts’ expectations of $6.38 billion. Kraft Heinz had a positive return on equity of 7.07% and a negative net margin of 23.44%.The business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.84 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, analysts expect that Kraft Heinz Company will post 2.04 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Friday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend was Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is -32.39%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on KHC. Evercore dropped their price objective on Kraft Heinz from $25.00 to $22.00 in a research note on Thursday, February 12th. BTIG Research began coverage on Kraft Heinz in a research note on Monday, April 13th. They issued a “neutral” rating on the stock. Barclays increased their price objective on Kraft Heinz from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 12th. Morgan Stanley set a $22.00 price objective on Kraft Heinz in a research note on Thursday, April 23rd. Finally, The Goldman Sachs Group set a $23.00 price objective on Kraft Heinz in a research note on Thursday, February 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Hold rating and four have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $23.47.

About Kraft Heinz

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.