Brookstone Capital Management Purchases 238,913 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Brookstone Capital Management raised its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 229.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 342,880 shares of the company’s stock after purchasing an additional 238,913 shares during the quarter. Brookstone Capital Management’s holdings in Kraft Heinz were worth $10,530,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. City Center Advisors LLC grew its stake in shares of Kraft Heinz by 69.7% in the fourth quarter. City Center Advisors LLC now owns 21,941 shares of the company’s stock worth $674,000 after acquiring an additional 9,011 shares during the period. Czech National Bank grew its stake in shares of Kraft Heinz by 6.4% in the fourth quarter. Czech National Bank now owns 191,387 shares of the company’s stock worth $5,877,000 after acquiring an additional 11,587 shares during the period. A. D. Beadell Investment Counsel Inc. grew its stake in shares of Kraft Heinz by 44.7% in the fourth quarter. A. D. Beadell Investment Counsel Inc. now owns 9,715 shares of the company’s stock worth $298,000 after acquiring an additional 3,000 shares during the period. First Hawaiian Bank boosted its holdings in shares of Kraft Heinz by 7.8% in the fourth quarter. First Hawaiian Bank now owns 11,713 shares of the company’s stock worth $360,000 after buying an additional 849 shares during the last quarter. Finally, Pensionfund Sabic boosted its holdings in shares of Kraft Heinz by 34.3% in the fourth quarter. Pensionfund Sabic now owns 47,000 shares of the company’s stock worth $1,443,000 after buying an additional 12,000 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total value of $1,505,250.00. Following the sale, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on KHC. Evercore ISI reissued an “in-line” rating and issued a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Barclays dropped their price objective on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $35.00 in a report on Thursday, October 31st. Wells Fargo & Company dropped their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. Finally, 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. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Kraft Heinz has a consensus rating of “Hold” and a consensus target price of $35.58.

Kraft Heinz Price Performance

KHC stock opened at $28.78 on Tuesday. The Kraft Heinz Company has a one year low of $28.48 and a one year high of $38.96. The company’s fifty day moving average price is $31.14 and its 200-day moving average price is $33.31. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The company has a market capitalization of $34.80 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 3.62 and a beta of 0.48.

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

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, November 29th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 5.56%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s dividend payout ratio is presently 144.14%.

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.