Foster & Motley Inc. Has $3.74 Million Stock Position in The Kraft Heinz Company (NASDAQ:KHC)

Foster & Motley Inc. cut its stake in The Kraft Heinz Company (NASDAQ:KHC) by 5.8% in the fourth quarter, HoldingsChannel reports. The fund 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. MADDEN SECURITIES Corp lifted its holdings in Kraft Heinz by 2.4% during the 3rd quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock worth $448,000 after buying an additional 303 shares in the last quarter. Axiom Advisory LLC boosted its holdings in Kraft Heinz by 5.2% in the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock valued at $227,000 after acquiring an additional 327 shares during the last quarter. Trust Co. of Vermont increased its position in Kraft Heinz by 3.6% in the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company’s stock worth $365,000 after purchasing an additional 358 shares during the period. Winch Advisory Services LLC raised its holdings in Kraft Heinz by 20.1% during the 4th quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares during the last quarter. Finally, Pinnacle Financial Partners Inc boosted its stake in shares of Kraft Heinz by 4.2% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock valued at $336,000 after purchasing an additional 381 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KHC. 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 report on Thursday, October 31st. Jefferies Financial Group decreased their price objective on Kraft Heinz from $34.00 to $30.00 and set a “hold” rating for the company in a research note on Wednesday. Wells Fargo & Company cut their target price on 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 lowered their price target on 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, Piper Sandler reissued a “neutral” rating and set a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $34.43.

Kraft Heinz Stock Up 0.2 %

Shares of Kraft Heinz stock opened at $29.66 on Thursday. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The business’s 50 day simple moving average is $30.49 and its 200 day simple moving average is $33.09. The firm has a market cap of $35.86 billion, a PE ratio of 26.72, a P/E/G ratio of 3.45 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.72 earnings per share. On average, analysts predict that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz 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 directly owns 168,195 shares in the company, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.32% of the company’s stock.

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.