Brookstone Capital Management Has $9.81 Million Stock Position in Kraft Heinz Company $KHC

Brookstone Capital Management reduced its holdings in Kraft Heinz Company (NASDAQ:KHC) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 404,310 shares of the company’s stock after selling 43,349 shares during the period. Brookstone Capital Management’s holdings in Kraft Heinz were worth $9,805,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Ashton Thomas Private Wealth LLC acquired a new position in Kraft Heinz during the 1st quarter valued at $207,000. Woodline Partners LP grew its position in Kraft Heinz by 39.0% in the 1st quarter. Woodline Partners LP now owns 73,700 shares of the company’s stock worth $2,243,000 after purchasing an additional 20,690 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Kraft Heinz during the 2nd quarter worth about $606,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Kraft Heinz by 33.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 99,350 shares of the company’s stock worth $2,565,000 after purchasing an additional 25,082 shares during the period. Finally, Mackenzie Financial Corp raised its position in shares of Kraft Heinz by 60.7% during the second quarter. Mackenzie Financial Corp now owns 1,030,069 shares of the company’s stock valued at $26,596,000 after buying an additional 389,080 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KHC has been the topic of a number of recent research reports. UBS Group lifted their target price on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research report on Friday, February 13th. Wells Fargo & Company cut their price target on Kraft Heinz from $25.00 to $23.00 and set an “equal weight” rating for the company in a report on Thursday, March 12th. Sanford C. Bernstein raised their price objective on Kraft Heinz from $24.00 to $27.00 and gave the stock a “market perform” rating in a research report on Thursday, February 12th. Jefferies Financial Group decreased their price objective on Kraft Heinz from $24.00 to $23.00 and set a “hold” rating on the stock in a report on Tuesday, January 20th. Finally, Evercore lowered their price objective on Kraft Heinz from $25.00 to $22.00 in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat.com, Kraft Heinz presently has an average rating of “Reduce” and a consensus price target of $24.44.

Insider Buying and Selling

In related news, insider Cory Onell sold 4,991 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was sold at an average price of $24.34, for a total value of $121,480.94. Following the sale, the insider owned 197,463 shares of the company’s stock, valued at $4,806,249.42. The trade was a 2.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock opened at $22.49 on Wednesday. The firm has a market cap of $26.62 billion, a P/E ratio of -4.55 and a beta of 0.06. The firm’s 50-day simple moving average is $23.51 and its 200-day simple moving average is $24.38. Kraft Heinz Company has a twelve month low of $21.03 and a twelve month high of $31.15. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.79 and a current ratio of 1.15.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Wednesday, February 11th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. The firm had revenue of $6.35 billion during the quarter, compared to analyst estimates of $6.38 billion. Kraft Heinz had a negative net margin of 23.44% and a positive return on equity of 7.07%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.84 earnings per share. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. As a group, research analysts expect that Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 6th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 7.1%. The ex-dividend date was Friday, March 6th. Kraft Heinz’s dividend payout ratio (DPR) is -32.39%.

Kraft Heinz Company Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.