A. D. Beadell Investment Counsel Inc. Purchases 3,000 Shares of The Kraft Heinz Company (NASDAQ:KHC)

A. D. Beadell Investment Counsel Inc. lifted its position in The Kraft Heinz Company (NASDAQ:KHC) by 44.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 9,715 shares of the company’s stock after buying an additional 3,000 shares during the period. A. D. Beadell Investment Counsel Inc.’s holdings in Kraft Heinz were worth $298,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in KHC. MADDEN SECURITIES Corp grew its stake in shares of Kraft Heinz by 2.4% in the third quarter. MADDEN SECURITIES Corp now owns 12,756 shares of the company’s stock worth $448,000 after acquiring an additional 303 shares during the period. Axiom Advisory LLC lifted its holdings in shares of Kraft Heinz by 5.2% during the 3rd quarter. Axiom Advisory LLC now owns 6,594 shares of the company’s stock valued at $227,000 after buying an additional 327 shares during the period. Valley Wealth Managers Inc. boosted its stake in shares of Kraft Heinz by 46.4% in the 2nd quarter. Valley Wealth Managers Inc. now owns 1,073 shares of the company’s stock worth $35,000 after buying an additional 340 shares during the last quarter. Trust Co. of Vermont grew its holdings in shares of Kraft Heinz by 3.6% in the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company’s stock worth $365,000 after acquiring an additional 358 shares during the period. Finally, Pinnacle Financial Partners Inc increased its position in Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock valued at $336,000 after acquiring an additional 381 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on KHC. Piper Sandler reissued a “neutral” rating and issued a $35.00 target price (down from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Mizuho dropped their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Citigroup reduced their target price on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. TD Cowen dropped their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a research note on Wednesday. Finally, Wells Fargo & Company reduced their price objective on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $35.58.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC traded down $1.02 during trading on Friday, hitting $28.64. 5,383,287 shares of the company’s stock were exchanged, compared to its average volume of 7,637,461. The business’s 50-day simple moving average is $31.33 and its 200 day simple moving average is $33.36. The company has a market cap of $34.63 billion, a price-to-earnings ratio of 25.80, a PEG ratio of 3.62 and a beta of 0.48. The Kraft Heinz Company has a 52-week low of $28.61 and a 52-week high of $38.96. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. As a group, equities analysts predict that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.59%. Kraft Heinz’s dividend payout ratio (DPR) is 144.14%.

Insider Activity at Kraft Heinz

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is owned by corporate insiders.

About Kraft Heinz

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.