Foundation Resource Management Inc. Purchases 542 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Foundation Resource Management Inc. lifted its position in The Kraft Heinz Company (NASDAQ:KHCGet Rating) by 0.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 313,723 shares of the company’s stock after purchasing an additional 542 shares during the quarter. Kraft Heinz comprises about 2.1% of Foundation Resource Management Inc.’s investment portfolio, making the stock its 19th biggest position. Foundation Resource Management Inc.’s holdings in Kraft Heinz were worth $11,965,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. American International Group Inc. grew its position in Kraft Heinz by 3.2% in the fourth quarter. American International Group Inc. now owns 354,532 shares of the company’s stock worth $12,728,000 after acquiring an additional 10,891 shares in the last quarter. People s United Financial Inc. boosted its position in shares of Kraft Heinz by 4.1% during the fourth quarter. People s United Financial Inc. now owns 51,930 shares of the company’s stock valued at $1,864,000 after buying an additional 2,045 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Kraft Heinz by 0.9% during the fourth quarter. Public Sector Pension Investment Board now owns 281,459 shares of the company’s stock valued at $10,104,000 after buying an additional 2,418 shares during the period. Siemens Fonds Invest GmbH boosted its position in shares of Kraft Heinz by 3.4% during the fourth quarter. Siemens Fonds Invest GmbH now owns 12,848 shares of the company’s stock valued at $458,000 after buying an additional 426 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its position in shares of Kraft Heinz by 29.4% during the fourth quarter. Rockefeller Capital Management L.P. now owns 51,570 shares of the company’s stock valued at $1,850,000 after buying an additional 11,723 shares during the period. 67.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on KHC shares. Deutsche Bank Aktiengesellschaft dropped their target price on Kraft Heinz from $48.00 to $47.00 in a research report on Monday, July 18th. The Goldman Sachs Group reiterated an “upgrade” rating on shares of Kraft Heinz in a report on Thursday, July 28th. BMO Capital Markets upgraded Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $46.00 price target for the company in a report on Wednesday, June 22nd. Stifel Nicolaus upgraded Kraft Heinz from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Thursday, July 28th. They noted that the move was a valuation call. Finally, TheStreet lowered Kraft Heinz from a “b” rating to a “c+” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average price target of $40.44.

Kraft Heinz Stock Down 1.0 %

NASDAQ:KHC traded down $0.34 during trading hours on Friday, reaching $33.92. The company’s stock had a trading volume of 119,913 shares, compared to its average volume of 8,561,646. The company has a market capitalization of $41.57 billion, a P/E ratio of 28.08, a price-to-earnings-growth ratio of 2.59 and a beta of 0.70. The Kraft Heinz Company has a 12 month low of $32.78 and a 12 month high of $44.87. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.52 and a current ratio of 0.89. The stock has a 50 day moving average price of $37.33 and a two-hundred day moving average price of $38.73.

Kraft Heinz (NASDAQ:KHCGet Rating) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $6.55 billion during the quarter, compared to the consensus estimate of $6.36 billion. Kraft Heinz had a net margin of 5.92% and a return on equity of 6.82%. Kraft Heinz’s revenue for the quarter was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. Equities analysts predict that The Kraft Heinz Company will post 2.66 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, August 26th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date of this dividend is Thursday, August 25th. Kraft Heinz’s payout ratio is presently 131.15%.

Insider Transactions at Kraft Heinz

In other news, CAO Lande Rashida La sold 3,500 shares of the company’s stock in a transaction on Friday, July 29th. The stock was sold at an average price of $36.56, for a total transaction of $127,960.00. Following the transaction, the chief accounting officer now directly owns 266,627 shares of the company’s stock, valued at $9,747,883.12. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Vince Garlati sold 19,938 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $38.43, for a total transaction of $766,217.34. Following the sale, the vice president now directly owns 94,843 shares of the company’s stock, valued at $3,644,816.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Lande Rashida La sold 3,500 shares of the business’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $36.56, for a total transaction of $127,960.00. Following the sale, the chief accounting officer now directly owns 266,627 shares in the company, valued at $9,747,883.12. The disclosure for this sale can be found here. Over the last three months, insiders have sold 53,438 shares of company stock valued at $2,044,977. Corporate insiders own 1.40% of the company’s stock.

About Kraft Heinz

(Get Rating)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

Featured Stories

Want to see what other hedge funds are holding KHC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Kraft Heinz Company (NASDAQ:KHCGet Rating).

Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.