Brookstone Capital Management Purchases 45,058 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Brookstone Capital Management lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHCFree Report) by 166.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,083 shares of the company’s stock after acquiring an additional 45,058 shares during the period. Brookstone Capital Management’s holdings in Kraft Heinz were worth $2,660,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Steward Partners Investment Solutions LLC bought a new stake in Kraft Heinz in the 4th quarter worth approximately $25,000. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $32,000. BKM Wealth Management LLC bought a new stake in shares of Kraft Heinz during the 4th quarter valued at $33,000. Headinvest LLC purchased a new position in shares of Kraft Heinz during the 3rd quarter valued at $38,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of Kraft Heinz during the 4th quarter valued at $38,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Stock Performance

NASDAQ:KHC opened at $32.27 on Friday. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.40. The company’s 50-day moving average price is $35.39 and its 200-day moving average price is $36.10. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $38.96. The company has a market cap of $39.19 billion, a P/E ratio of 14.09, a P/E/G ratio of 2.61 and a beta of 0.57.

Kraft Heinz (NASDAQ:KHCGet Free Report) last issued its earnings results on Wednesday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $6.43 billion. During the same period in the previous year, the firm earned $0.68 earnings per share. Kraft Heinz’s quarterly revenue was down 1.2% compared to the same quarter last year. On average, sell-side analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date is Thursday, June 6th. Kraft Heinz’s dividend payout ratio is presently 69.87%.

Insider Buying and Selling at Kraft Heinz

In related news, insider Lande Rashida La sold 10,140 shares of Kraft Heinz stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $35.95, for a total value of $364,533.00. Following the completion of the transaction, the insider now owns 158,266 shares in the company, valued at $5,689,662.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.32% of the company’s stock.

Analyst Ratings Changes

KHC has been the topic of several research analyst reports. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Thursday. Piper Sandler reduced their target price on shares of Kraft Heinz from $42.00 to $41.00 and set an “overweight” rating on the stock in a report on Thursday, June 20th. Bank of America boosted their target price on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Kraft Heinz currently has a consensus rating of “Moderate Buy” and an average price target of $39.75.

Check Out Our Latest Research Report on KHC

Kraft Heinz Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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