Founders Capital Management LLC Increases Position in The Kraft Heinz Company (NASDAQ:KHC)

Founders Capital Management LLC increased its position in The Kraft Heinz Company (NASDAQ:KHC) by 10.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 92,337 shares of the company’s stock after buying an additional 8,702 shares during the period. Founders Capital Management LLC’s holdings in Kraft Heinz were worth $2,836,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Kraft Heinz by 11.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 70,401 shares of the company’s stock worth $2,268,000 after acquiring an additional 7,010 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Kraft Heinz by 14.3% in the second quarter. NewEdge Advisors LLC now owns 51,630 shares of the company’s stock valued at $1,664,000 after purchasing an additional 6,469 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Kraft Heinz by 2.6% in the second quarter. Cetera Investment Advisers now owns 387,414 shares of the company’s stock valued at $12,482,000 after purchasing an additional 9,930 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Kraft Heinz during the second quarter valued at $2,200,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Kraft Heinz in the 2nd quarter worth $3,592,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Down 1.4 %

KHC stock opened at $29.84 on Friday. The firm’s fifty day moving average is $30.41 and its 200 day moving average is $33.03. The firm has a market cap of $36.08 billion, a PE ratio of 26.88, a P/E/G ratio of 3.80 and a beta of 0.48. The Kraft Heinz Company has a one year low of $28.37 and a one year high of $38.96. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

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. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. Kraft Heinz’s revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.72 EPS. On average, research analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on KHC. Mizuho decreased 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. Barclays lowered their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Stifel Nicolaus decreased their price objective on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating for the company in a report on Friday, January 24th. Piper Sandler reiterated a “neutral” rating and set a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Finally, The Goldman Sachs Group lowered their price target on shares of 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, ten have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $34.07.

Insider Buying and Selling

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 168,195 shares in the company, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.32% of the stock is currently owned by company insiders.

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.