Foster & Motley Inc. Buys 6,129 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Foster & Motley Inc. raised its stake in The Kraft Heinz Company (NASDAQ:KHC) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,330 shares of the company’s stock after buying an additional 6,129 shares during the quarter. Foster & Motley Inc.’s holdings in Kraft Heinz were worth $1,750,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Trust N.A. lifted its stake in Kraft Heinz by 11.0% in the fourth quarter. Raymond James Trust N.A. now owns 39,610 shares of the company’s stock valued at $1,465,000 after buying an additional 3,916 shares in the last quarter. Hudson Bay Capital Management LP bought a new stake in shares of Kraft Heinz in the third quarter worth $5,399,000. Victory Capital Management Inc. lifted its position in shares of Kraft Heinz by 16.3% in the third quarter. Victory Capital Management Inc. now owns 1,768,073 shares of the company’s stock worth $59,478,000 after purchasing an additional 247,896 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Kraft Heinz by 42.5% in the fourth quarter. Cerity Partners LLC now owns 457,923 shares of the company’s stock worth $16,934,000 after purchasing an additional 136,556 shares in the last quarter. Finally, FMR LLC increased its holdings in Kraft Heinz by 37.9% during the third quarter. FMR LLC now owns 3,029,052 shares of the company’s stock worth $101,897,000 after buying an additional 832,653 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 target price on the stock. Bank of America boosted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Finally, Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, February 15th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Kraft Heinz has an average rating of “Hold” and a consensus target price of $40.57.

Kraft Heinz Trading Up 0.2 %

KHC opened at $38.21 on Tuesday. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47. The company has a 50-day simple moving average of $35.94 and a 200 day simple moving average of $35.44. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $46.45 billion, a price-to-earnings ratio of 16.52, a P/E/G ratio of 2.98 and a beta of 0.67.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the business posted $0.85 earnings per share. Kraft Heinz’s revenue was down 7.1% compared to the same quarter last year. Analysts predict that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were issued a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.19%. Kraft Heinz’s dividend payout ratio (DPR) is currently 69.26%.

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.