Brooklyn Investment Group Has $39,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

Brooklyn Investment Group lowered its stake in shares of The Kraft Heinz Company (NASDAQ:KHC) by 45.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 1,257 shares of the company’s stock after selling 1,038 shares during the period. Brooklyn Investment Group’s holdings in Kraft Heinz were worth $39,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in KHC. Sawyer & Company Inc acquired a new position in Kraft Heinz in the 4th quarter valued at approximately $25,000. Fortitude Family Office LLC increased 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 valued at $26,000 after purchasing an additional 529 shares during the period. Ashton Thomas Securities LLC acquired a new position in shares of Kraft Heinz in the third quarter valued at $27,000. DiNuzzo Private Wealth Inc. lifted its position in Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after purchasing an additional 797 shares during the period. Finally, Bangor Savings Bank acquired a new stake in Kraft Heinz during the third quarter worth $32,000. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Up 1.0 %

KHC opened at $29.27 on Monday. The Kraft Heinz Company has a 1-year low of $28.37 and a 1-year high of $38.96. The stock has a market capitalization of $35.39 billion, a PE ratio of 26.37, a PEG ratio of 3.29 and a beta of 0.48. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $30.80 and a two-hundred day moving average price of $33.21.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. Kraft Heinz’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.72 earnings per share. As a group, equities analysts anticipate that The Kraft Heinz Company will post 3 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Investors 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 yield of 5.47%. Kraft Heinz’s payout ratio is 144.14%.

Insiders Place Their Bets

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 shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the sale, the executive vice president now owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

KHC has been the subject of a number of analyst reports. Piper Sandler reaffirmed a “neutral” rating and set a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a report on Tuesday, November 19th. Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and decreased their price objective for the company from $40.00 to $38.00 in a report on Friday, October 25th. UBS Group dropped their target price on Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday. The Goldman Sachs Group decreased their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Finally, Deutsche Bank Aktiengesellschaft cut Kraft Heinz from a “buy” rating to a “hold” rating and cut their price objective for the company from $39.00 to $35.00 in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Kraft Heinz presently has a consensus rating of “Hold” and an average target price of $35.23.

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.