The Kraft Heinz Company (NASDAQ:KHC) Holdings Cut by Foster & Motley Inc.

Foster & Motley Inc. reduced its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 5.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,905 shares of the company’s stock after selling 7,495 shares during the period. Foster & Motley Inc.’s holdings in Kraft Heinz were worth $3,744,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of KHC. Sawyer & Company Inc bought a new stake in Kraft Heinz in the fourth quarter worth approximately $25,000. Fortitude Family Office LLC lifted its stake in shares of Kraft Heinz by 249.5% in the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after purchasing an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz during the third quarter worth $27,000. DiNuzzo Private Wealth Inc. raised its holdings in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after buying an additional 797 shares in the last quarter. Finally, Bangor Savings Bank acquired a new stake in shares of Kraft Heinz in the third quarter worth about $32,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Trading Up 0.2 %

Kraft Heinz stock opened at $29.66 on Thursday. The Kraft Heinz Company has a 12 month low of $28.37 and a 12 month high of $38.96. The stock has a market cap of $35.86 billion, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 3.45 and a beta of 0.48. The business has a 50 day moving average price of $30.49 and a two-hundred day moving average price of $33.09. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the business earned $0.72 earnings per share. As a group, equities analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

Wall Street Analysts Forecast Growth

KHC has been the topic of a number of analyst reports. TD Cowen lowered their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Mizuho lowered their price target on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Citigroup decreased their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Evercore ISI reiterated an “in-line” rating and issued a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Finally, Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $34.43.

Insider Activity

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the company’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 sale, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Company 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.