Foresight Capital Management Advisors Inc. Decreases Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Foresight Capital Management Advisors Inc. trimmed its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 4.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,725 shares of the company’s stock after selling 3,631 shares during the quarter. Foresight Capital Management Advisors Inc.’s holdings in Kraft Heinz were worth $2,418,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KHC. American Century Companies Inc. increased its stake in Kraft Heinz by 408.9% during the 2nd quarter. American Century Companies Inc. now owns 586,370 shares of the company’s stock valued at $18,893,000 after buying an additional 471,146 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Kraft Heinz by 18.6% during the second quarter. Thoroughbred Financial Services LLC now owns 6,446 shares of the company’s stock worth $207,000 after purchasing an additional 1,010 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Kraft Heinz by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock worth $178,379,000 after purchasing an additional 1,778,263 shares during the period. Virtu Financial LLC bought a new position in Kraft Heinz during the second quarter valued at approximately $2,050,000. Finally, TAM Capital Management Inc. bought a new position in Kraft Heinz during the second quarter valued at approximately $391,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s stock in a transaction that occurred 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 $5,626,122.75. This trade represents a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.37% of the stock is owned by corporate insiders.

Kraft Heinz Stock Up 0.1 %

Shares of NASDAQ:KHC opened at $28.73 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56. The company has a market capitalization of $34.74 billion, a PE ratio of 25.88, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. The Kraft Heinz Company has a 1 year low of $28.42 and a 1 year high of $38.96. The business has a fifty day moving average price of $31.04 and a two-hundred day moving average price of $33.29.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data 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 quarter in the prior year, the firm posted $0.72 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. Analysts forecast that The Kraft Heinz Company will post 3 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were given a dividend of $0.40 per share. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.57%. Kraft Heinz’s payout ratio is 144.14%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Mizuho dropped their target price on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Stifel Nicolaus cut Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a report on Friday, October 25th. TD Cowen lowered their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 7th. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.58.

About Kraft Heinz

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.