The Kraft Heinz Company (NASDAQ:KHC) Shares Acquired by Foresight Capital Management Advisors Inc.

Foresight Capital Management Advisors Inc. lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 25.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 98,774 shares of the company's stock after buying an additional 20,049 shares during the period. Kraft Heinz accounts for approximately 1.9% of Foresight Capital Management Advisors Inc.'s portfolio, making the stock its 21st largest holding. Foresight Capital Management Advisors Inc.'s holdings in Kraft Heinz were worth $3,006,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Bard Financial Services Inc. acquired a new stake in Kraft Heinz in the 1st quarter worth about $2,548,000. CX Institutional acquired a new stake in shares of Kraft Heinz in the first quarter worth approximately $322,000. Integrated Advisors Network LLC boosted its position in shares of Kraft Heinz by 24.1% in the first quarter. Integrated Advisors Network LLC now owns 16,430 shares of the company's stock worth $500,000 after acquiring an additional 3,195 shares during the last quarter. GAMMA Investing LLC grew its holdings in Kraft Heinz by 28.1% in the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company's stock valued at $481,000 after purchasing an additional 3,468 shares during the period. Finally, Farther Finance Advisors LLC increased its position in Kraft Heinz by 58.3% during the first quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company's stock worth $671,000 after purchasing an additional 8,144 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Sanford C. Bernstein lowered shares of Kraft Heinz from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $34.00 to $31.00 in a report on Tuesday, April 22nd. Wall Street Zen upgraded Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Mizuho set a $29.00 price target on Kraft Heinz and gave the company a "neutral" rating in a research report on Wednesday, May 28th. The Goldman Sachs Group cut their price objective on Kraft Heinz from $27.00 to $25.00 and set a "sell" rating on the stock in a report on Monday. Finally, DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a research note on Friday, May 9th. Four investment analysts have rated the stock with a sell rating and fifteen have given a hold rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $30.35.

Kraft Heinz Stock Down 1.4%

NASDAQ KHC traded down $0.38 during mid-day trading on Friday, reaching $26.08. 12,759,693 shares of the company's stock traded hands, compared to its average volume of 9,559,277. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 1-year low of $26.01 and a 1-year high of $36.53. The company has a fifty day simple moving average of $28.00 and a 200-day simple moving average of $29.46. The company has a market cap of $30.87 billion, a price-to-earnings ratio of 11.54, a P/E/G ratio of 3.39 and a beta of 0.27.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.02. The business had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.69 earnings per share. As a group, equities research analysts expect that The Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be paid a $0.40 dividend. The ex-dividend date is Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a yield of 6.13%. Kraft Heinz's dividend payout ratio (DPR) is 73.06%.

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.