Foster & Motley Inc. Boosts Position in Kraft Heinz Company (NASDAQ:KHC)

Foster & Motley Inc. raised its holdings in shares of Kraft Heinz Company (NASDAQ:KHC) by 3.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 126,177 shares of the company’s stock after buying an additional 4,272 shares during the period. Foster & Motley Inc.’s holdings in Kraft Heinz were worth $3,840,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KHC. Hara Capital LLC lifted its position in Kraft Heinz by 61.9% during the fourth quarter. Hara Capital LLC now owns 1,700 shares of the company’s stock valued at $52,000 after buying an additional 650 shares in the last quarter. LPL Financial LLC raised its stake in shares of Kraft Heinz by 8.3% during the fourth quarter. LPL Financial LLC now owns 655,747 shares of the company’s stock valued at $20,138,000 after purchasing an additional 50,040 shares during the period. New Age Alpha Advisors LLC raised its stake in shares of Kraft Heinz by 7,796.5% during the fourth quarter. New Age Alpha Advisors LLC now owns 34,192 shares of the company’s stock valued at $1,050,000 after purchasing an additional 33,759 shares during the period. Allstate Corp purchased a new stake in shares of Kraft Heinz during the fourth quarter valued at approximately $824,000. Finally, O Shaughnessy Asset Management LLC raised its stake in shares of Kraft Heinz by 45.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 85,122 shares of the company’s stock valued at $2,614,000 after purchasing an additional 26,641 shares during the period. 78.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the business’s stock in a transaction on Friday, July 18th. The shares were sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the sale, the director owned 40,000 shares in the company, valued at $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.35% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of analyst reports. DZ Bank lowered shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 price objective on the stock. in a research note on Friday, May 9th. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a “neutral” rating in a research note on Wednesday, May 28th. The Goldman Sachs Group upgraded shares of Kraft Heinz from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. UBS Group dropped their price objective on shares of Kraft Heinz from $31.00 to $29.00 and set a “neutral” rating on the stock in a research note on Thursday, July 17th. Finally, Cfra Research lowered shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, April 16th. Three research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $30.29.

Kraft Heinz Stock Up 1.1%

KHC stock opened at $28.56 on Wednesday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.31 and a quick ratio of 0.81. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.53. The firm has a fifty day moving average price of $26.79 and a two-hundred day moving average price of $28.55. The firm has a market cap of $33.80 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.31 and a beta of 0.25.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The firm had revenue of $6 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same quarter in the previous year, the firm earned $0.69 earnings per share. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Research analysts predict that Kraft Heinz Company will post 2.68 EPS for the current year.

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.