CIBC Asset Management Inc Buys 90,062 Shares of Kraft Heinz Company $KHC

CIBC Asset Management Inc grew its stake in Kraft Heinz Company (NASDAQ:KHC) by 25.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 444,526 shares of the company’s stock after acquiring an additional 90,062 shares during the period. CIBC Asset Management Inc’s holdings in Kraft Heinz were worth $10,780,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of KHC. Norges Bank bought a new position in Kraft Heinz during the fourth quarter worth about $332,382,000. Life Cycle Investment Partners Ltd bought a new position in Kraft Heinz during the fourth quarter worth about $34,451,000. SG Americas Securities LLC increased its position in Kraft Heinz by 2,264.5% during the fourth quarter. SG Americas Securities LLC now owns 1,458,451 shares of the company’s stock worth $35,367,000 after acquiring an additional 1,396,770 shares during the period. Ameriprise Financial Inc. increased its position in Kraft Heinz by 112.2% during the third quarter. Ameriprise Financial Inc. now owns 2,491,597 shares of the company’s stock worth $64,872,000 after acquiring an additional 1,317,201 shares during the period. Finally, Swiss Life Asset Management Ltd increased its position in Kraft Heinz by 148.4% during the fourth quarter. Swiss Life Asset Management Ltd now owns 2,168,874 shares of the company’s stock worth $52,595,000 after acquiring an additional 1,295,688 shares during the period. 78.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KHC. Evercore lowered their price target on shares of Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. TD Cowen lowered their price target on shares of Kraft Heinz from $24.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, March 25th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lowered their price target on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 25th. Finally, Morgan Stanley set a $22.00 price target on shares of Kraft Heinz in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $22.69.

Kraft Heinz Price Performance

KHC stock opened at $22.58 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.20 and a debt-to-equity ratio of 0.46. Kraft Heinz Company has a 12 month low of $21.03 and a 12 month high of $29.19. The firm has a market cap of $26.77 billion, a P/E ratio of -4.65 and a beta of 0.08. The company’s 50-day moving average price is $22.91 and its two-hundred day moving average price is $23.63.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.50 by $0.08. Kraft Heinz had a negative net margin of 23.05% and a positive return on equity of 7.26%. The firm had revenue of $6.05 billion for the quarter, compared to analyst estimates of $5.89 billion. During the same period last year, the firm earned $0.62 EPS. The business’s quarterly revenue was up .8% compared to the same quarter last year. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. On average, analysts anticipate that Kraft Heinz Company will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Investors of record on Friday, June 5th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 5th. This represents a $1.60 annualized dividend and a dividend yield of 7.1%. Kraft Heinz’s payout ratio is -32.92%.

Trending Headlines about Kraft Heinz

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Jim Cramer said he has “faith” in Kraft Heinz CEO Steve, which may help improve sentiment by signaling confidence in management and the company’s turnaround prospects. Jim Cramer on Kraft Heinz CEO: “I Have Faith in Steve”
• Positive Sentiment: Unusual call-option activity suggests some traders are positioning for a rebound, which can sometimes signal renewed speculative interest in the shares. Unusual trading in Kraft Heinz call options after CEO interview – Is KHC stock a buy?
• Neutral Sentiment: The company’s recent earnings were generally solid, with Kraft Heinz beating EPS and revenue estimates last month, but the stock has still struggled to hold momentum afterward. Kraft Heinz stock/earnings overview
• Negative Sentiment: Bernstein downgraded Kraft Heinz to Underperform/Sell and lowered its price target, reinforcing worries that the shares could have more downside ahead. Kraft Heinz was downgraded to a Sell Rating at Bernstein
• Negative Sentiment: Articles focused on the stock being down since its last earnings report highlight weakening momentum and investor concern that the post-earnings rally has faded. Why Is Kraft Heinz (KHC) Down 5% Since Last Earnings Report?
• Negative Sentiment: Management commentary on “negative cash flows” among lower-income consumers points to softer demand for packaged foods if stressed households keep pulling back on spending. Running out of money: Kraft, McDonald’s, Whirlpool CEOs all issue same dire warning about US consumers

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.