Foundation Resource Management Inc. Has $9.78 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Foundation Resource Management Inc. decreased its stake in The Kraft Heinz Company (NASDAQ:KHC) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 318,334 shares of the company’s stock after selling 2,772 shares during the quarter. Kraft Heinz makes up about 1.6% of Foundation Resource Management Inc.’s holdings, making the stock its 23rd biggest position. Foundation Resource Management Inc.’s holdings in Kraft Heinz were worth $9,776,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. MADDEN SECURITIES Corp increased its holdings in Kraft Heinz by 2.4% in the third quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock worth $448,000 after buying an additional 303 shares during the last quarter. Axiom Advisory LLC grew its position in Kraft Heinz by 5.2% in the third quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock worth $227,000 after acquiring an additional 327 shares in the last quarter. Trust Co. of Vermont increased its stake in shares of Kraft Heinz by 3.6% during the 3rd 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 last quarter. Pinnacle Financial Partners Inc raised its holdings in shares of Kraft Heinz by 4.2% during 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 in the last quarter. Finally, Smith Thornton Advisors LLC lifted its stake in shares of Kraft Heinz by 2.1% in the 3rd quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock valued at $727,000 after purchasing an additional 435 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insider Transactions at Kraft Heinz

In related 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 transaction, the executive vice president now directly 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on KHC. Piper Sandler reissued a “neutral” rating and set a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $35.00 in a research note on Thursday, October 31st. The Goldman Sachs Group cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Evercore ISI reaffirmed an “in-line” rating and set a $35.00 target price (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Finally, TD Cowen lowered their price target on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.58.

Kraft Heinz Trading Down 0.2 %

Shares of Kraft Heinz stock opened at $28.71 on Wednesday. The company has a market cap 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’s fifty day simple moving average is $31.04 and its 200-day simple moving average is $33.29. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company had revenue of $6.38 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same quarter in the previous year, the firm posted $0.72 EPS. The business’s revenue was down 2.8% compared to the same quarter last year. As a group, sell-side analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Dividend Announcement

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

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.