Brookstone Capital Management Grows Holdings in Kraft Heinz Company $KHC

Brookstone Capital Management grew its stake in Kraft Heinz Company (NASDAQ:KHC) by 7.5% in the second quarter, Holdings Channel.com reports. The institutional investor owned 407,208 shares of the company’s stock after buying an additional 28,257 shares during the quarter. Brookstone Capital Management’s holdings in Kraft Heinz were worth $10,514,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Shell Asset Management Co. grew its stake in Kraft Heinz by 89.7% in the 2nd quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock worth $2,335,000 after buying an additional 42,758 shares in the last quarter. Lakeshore Capital Group Inc. boosted its stake in shares of Kraft Heinz by 39.8% in the 2nd quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock valued at $957,000 after purchasing an additional 10,551 shares in the last quarter. Swedbank AB boosted its stake in shares of Kraft Heinz by 13.6% in the 1st quarter. Swedbank AB now owns 878,684 shares of the company’s stock valued at $26,738,000 after purchasing an additional 104,872 shares in the last quarter. Bard Financial Services Inc. boosted its stake in shares of Kraft Heinz by 24.5% in the 2nd quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after purchasing an additional 20,500 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its stake in shares of Kraft Heinz by 7.8% in the 1st quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock valued at $2,746,000 after purchasing an additional 6,551 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 0.2%

NASDAQ:KHC opened at $25.64 on Thursday. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47. Kraft Heinz Company has a 52 week low of $24.80 and a 52 week high of $35.72. The firm has a market capitalization of $30.35 billion, a P/E ratio of -5.71, a P/E/G ratio of 3.00 and a beta of 0.16. The company has a fifty day moving average of $26.42 and a 200 day moving average of $27.17.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Friday, July 8th. The company reported $0.72 EPS for the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The business had revenue of $6.39 billion during the quarter. On average, research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a $0.40 dividend. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.2%. Kraft Heinz’s dividend payout ratio is -35.63%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KHC. UBS Group cut their price objective on shares of Kraft Heinz from $28.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, October 8th. DZ Bank raised shares of Kraft Heinz from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 19th. Morgan Stanley cut their price objective on shares of Kraft Heinz from $29.00 to $28.00 in a research note on Thursday, October 16th. Barclays cut their price objective on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday, October 10th. Finally, Hsbc Global Res upgraded shares of Kraft Heinz to a “hold” rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $28.65.

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.