Foresight Capital Management Advisors Inc. Sells 3,631 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Foresight Capital Management Advisors Inc. reduced its position in The Kraft Heinz Company (NASDAQ:KHC) by 4.4% in the fourth quarter, according to its most recent disclosure 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were 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 owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This 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 accessible through the SEC website. 0.37% of the stock is currently owned by company insiders.

Kraft Heinz Stock Performance

Kraft Heinz stock opened at $28.73 on Thursday. The firm has a 50 day simple moving average of $31.04 and a 200-day simple moving average of $33.29. 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 Kraft Heinz Company has a 1-year low of $28.42 and a 1-year high of $38.96. The stock has a market cap of $34.74 billion, a price-to-earnings ratio of 25.88, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC) last released its earnings results 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 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 analyst estimates of $6.42 billion. During the same period in the prior year, the business earned $0.72 EPS. The firm’s quarterly revenue was down 2.8% on a year-over-year basis. On average, analysts expect that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Dividend Announcement

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

Analyst Ratings Changes

KHC has been the topic of several recent research reports. Evercore ISI restated an “in-line” rating and issued a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research note on Tuesday, January 7th. 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. Wells Fargo & Company decreased their target price on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Citigroup cut their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group cut their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a research report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Kraft Heinz 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.