Brookstone Capital Management Has $10.53 Million Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Brookstone Capital Management grew its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 229.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 342,880 shares of the company's stock after buying 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 reporting period.

A number of other institutional investors have also made changes to their positions in the business. Fortitude Family Office LLC raised its position in shares of Kraft Heinz by 249.5% during the third quarter. Fortitude Family Office LLC now owns 741 shares of the company's stock worth $26,000 after acquiring an additional 529 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Kraft Heinz during the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its position in Kraft Heinz by 1,077.0% during the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company's stock valued at $31,000 after purchasing an additional 797 shares during the period. Bangor Savings Bank acquired a new stake in shares of Kraft Heinz during the 3rd quarter worth approximately $32,000. Finally, Capital Performance Advisors LLP bought a new stake in shares of Kraft Heinz during the third quarter worth approximately $33,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Performance

NASDAQ:KHC traded down $0.07 on Tuesday, hitting $28.71. The company's stock had a trading volume of 10,437,473 shares, compared to its average volume of 10,072,651. The Kraft Heinz Company has a one year low of $28.48 and a one year high of $38.96. The firm has a market capitalization of $34.72 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 3.62 and a beta of 0.48. The stock has a fifty day moving average of $31.14 and a two-hundred day moving average of $33.31. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The company reported $0.75 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 the consensus estimate of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company's quarterly revenue was down 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 earnings per share. Research analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, November 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.57%. Kraft Heinz's payout ratio is presently 144.14%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the completion of the transaction, the executive vice president now directly owns 168,195 shares of the company's stock, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

KHC has been the subject of several analyst reports. TD Cowen decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating for the company in a research report on Wednesday, January 8th. Wells Fargo & Company decreased their price objective on shares of Kraft Heinz from $35.00 to $31.00 and set an "equal weight" rating for the company in a report on Tuesday, January 7th. Evercore ISI reiterated an "in-line" rating and issued a $35.00 target price (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Piper Sandler reissued a "neutral" rating and set a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Finally, Citigroup lowered their price objective on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Kraft Heinz has an average rating of "Hold" and an average target price of $35.58.

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.