Brooklyn Investment Group Acquires Shares of 2,295 The Kraft Heinz Company (NASDAQ:KHC)

Brooklyn Investment Group bought a new position in The Kraft Heinz Company (NASDAQ:KHC) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,295 shares of the company’s stock, valued at approximately $81,000.

A number of other large investors also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its position in shares of Kraft Heinz by 11.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,307,598 shares of the company’s stock worth $186,350,000 after buying an additional 545,504 shares in the last quarter. Clifford Capital Partners LLC lifted its holdings in Kraft Heinz by 21.4% during the second quarter. Clifford Capital Partners LLC now owns 454,884 shares of the company’s stock worth $14,656,000 after acquiring an additional 80,101 shares during the period. Banque Cantonale Vaudoise boosted its position in Kraft Heinz by 52.5% in the third quarter. Banque Cantonale Vaudoise now owns 170,511 shares of the company’s stock worth $5,988,000 after purchasing an additional 58,665 shares during the last quarter. Easterly Investment Partners LLC grew its stake in Kraft Heinz by 39.4% in the 3rd quarter. Easterly Investment Partners LLC now owns 157,479 shares of the company’s stock valued at $5,529,000 after purchasing an additional 44,485 shares during the period. Finally, Los Angeles Capital Management LLC raised its stake in shares of Kraft Heinz by 1,760.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 655,312 shares of the company’s stock worth $23,008,000 after purchasing an additional 620,096 shares during the period. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Price Performance

KHC stock opened at $31.93 on Friday. The firm has a 50 day moving average of $33.83 and a 200-day moving average of $34.16. The firm has a market capitalization of $38.61 billion, a P/E ratio of 28.77, a price-to-earnings-growth ratio of 3.66 and a beta of 0.49. The Kraft Heinz Company has a 12 month low of $30.40 and a 12 month high of $38.96. 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) last announced its quarterly earnings results 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 during 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 business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.72 EPS. As a group, sell-side analysts predict that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.01%. Kraft Heinz’s payout ratio is currently 144.14%.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research analyst reports. The Goldman Sachs Group decreased their price objective on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating for the company in a report on Thursday, October 31st. Barclays decreased their price target on shares of Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the company from $39.00 to $35.00 in a research note on Thursday, October 31st. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and decreased their target price for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four 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 $36.55.

About Kraft Heinz

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.