Fox Run Management L.L.C. Acquires New Shares in Kraft Heinz Company $KHC

Fox Run Management L.L.C. bought a new stake in shares of Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 13,010 shares of the company’s stock, valued at approximately $336,000.

Several other large investors also recently made changes to their positions in KHC. Investment Management Corp VA ADV lifted its holdings in shares of Kraft Heinz by 141.7% during the first quarter. Investment Management Corp VA ADV now owns 1,141 shares of the company’s stock worth $35,000 after buying an additional 669 shares during the last quarter. Banque Transatlantique SA bought a new position in shares of Kraft Heinz during the 1st quarter worth about $40,000. Mid American Wealth Advisory Group Inc. acquired a new stake in Kraft Heinz during the second quarter valued at approximately $39,000. Larson Financial Group LLC boosted its stake in Kraft Heinz by 52.6% in the 1st quarter. Larson Financial Group LLC now owns 1,558 shares of the company’s stock valued at $47,000 after buying an additional 537 shares in the last quarter. Finally, Hilltop National Bank acquired a new position in Kraft Heinz during the second quarter worth $41,000. Institutional investors own 78.17% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on KHC. Piper Sandler dropped their price target on Kraft Heinz from $30.00 to $25.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Hsbc Global Res raised shares of Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. Evercore ISI reduced their price target on shares of Kraft Heinz from $30.00 to $28.00 and set an “in-line” rating on the stock in a research report on Thursday, October 30th. Jefferies Financial Group lowered their target price on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday, October 15th. Finally, Barclays lowered their target price on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $26.58.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $24.75 on Thursday. The stock has a 50 day simple moving average of $25.56 and a 200 day simple moving average of $26.66. The stock has a market cap of $29.30 billion, a P/E ratio of -6.64, a PEG ratio of 2.88 and a beta of 0.16. Kraft Heinz Company has a 1-year low of $23.70 and a 1-year high of $33.35. The company has a current ratio of 1.13, a quick ratio of 0.66 and a debt-to-equity ratio of 0.46.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Friday, July 8th. The company reported $0.72 earnings per share (EPS) for the quarter. The firm had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. Research analysts anticipate that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, November 28th. Kraft Heinz’s dividend payout ratio (DPR) is presently -42.90%.

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.