Goodman Financial Corp Buys 14,603 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Goodman Financial Corp increased its stake in shares of The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 3.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 396,327 shares of the company's stock after acquiring an additional 14,603 shares during the quarter. Kraft Heinz makes up 2.6% of Goodman Financial Corp's investment portfolio, making the stock its 25th largest position. Goodman Financial Corp's holdings in Kraft Heinz were worth $12,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of KHC. New York Life Investment Management LLC boosted its holdings in shares of Kraft Heinz by 0.3% during the fourth quarter. New York Life Investment Management LLC now owns 130,075 shares of the company's stock worth $3,995,000 after purchasing an additional 361 shares during the period. Checchi Capital Advisers LLC grew its position in shares of Kraft Heinz by 5.3% in the 4th quarter. Checchi Capital Advisers LLC now owns 7,265 shares of the company's stock worth $223,000 after buying an additional 366 shares during the last quarter. Winch Advisory Services LLC increased its stake in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company's stock valued at $70,000 after buying an additional 380 shares during the period. Cohen Investment Advisors LLC raised its holdings in shares of Kraft Heinz by 5.0% during the fourth quarter. Cohen Investment Advisors LLC now owns 10,266 shares of the company's stock valued at $315,000 after acquiring an additional 487 shares in the last quarter. Finally, LMG Wealth Partners LLC lifted its stake in Kraft Heinz by 1.4% in the fourth quarter. LMG Wealth Partners LLC now owns 37,040 shares of the company's stock worth $1,137,000 after acquiring an additional 498 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

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Kraft Heinz Stock Down 0.1 %

NASDAQ:KHC traded down $0.02 on Tuesday, reaching $29.10. 9,389,747 shares of the stock traded hands, compared to its average volume of 8,504,662. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $34.77 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 12 month low of $27.25 and a 12 month high of $38.96. The company's fifty day simple moving average is $29.92 and its 200 day simple moving average is $31.85.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 7th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.50%. Kraft Heinz's payout ratio is 70.80%.

Wall Street Analyst Weigh In

Several brokerages have commented on KHC. UBS Group decreased their price objective on shares of Kraft Heinz from $37.00 to $31.00 and set a "neutral" rating for the company in a report on Thursday, January 16th. Barclays lowered their price objective on shares of Kraft Heinz from $33.00 to $29.00 and set an "equal weight" rating for the company in a report on Friday, February 14th. Piper Sandler reduced their target price on Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a report on Thursday, February 13th. Mizuho cut Kraft Heinz from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $38.00 to $31.00 in a research note on Monday, February 10th. Finally, TD Cowen reduced their price target on Kraft Heinz from $34.00 to $32.00 and set a "hold" rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a sell rating and thirteen have issued a hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.73.

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.