The Kraft Heinz Company (NASDAQ:KHC) Stake Lowered by Foundation Resource Management Inc.

Foundation Resource Management Inc. lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 318,334 shares of the company’s stock after selling 2,772 shares during the quarter. Kraft Heinz makes up approximately 1.6% of Foundation Resource Management Inc.’s holdings, making the stock its 23rd largest position. Foundation Resource Management Inc.’s holdings in Kraft Heinz were worth $9,776,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in KHC. Fortitude Family Office LLC boosted its holdings in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after acquiring an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz during the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. grew its position in Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the last quarter. Bangor Savings Bank bought a new stake in shares of Kraft Heinz during the third quarter valued at approximately $32,000. Finally, Capital Performance Advisors LLP bought a new position in Kraft Heinz in the 3rd quarter worth approximately $33,000. 78.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

KHC has been the topic of several recent analyst reports. Citigroup cut their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Mizuho cut their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company lowered their target price on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 7th. Barclays reduced their price target on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen lowered their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $35.58.

Kraft Heinz Trading Down 0.2 %

Shares of NASDAQ:KHC opened at $28.71 on Wednesday. The stock has a market capitalization of $34.72 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 3.62 and a beta of 0.48. The Kraft Heinz Company has a 1-year low of $28.48 and a 1-year high of $38.96. The company has a 50 day moving average price of $31.04 and a 200 day moving average price of $33.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

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

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, November 29th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.57%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s payout ratio is 144.14%.

Insider Transactions at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s 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 sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.32% of the stock is currently owned by 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.