The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Brooklyn Investment Group

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

A number of other institutional investors also recently made changes to their positions in the stock. Sawyer & Company Inc bought a new stake in Kraft Heinz during the fourth quarter worth approximately $25,000. Fortitude Family Office LLC lifted its holdings in shares of Kraft Heinz by 249.5% in the third quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock valued at $26,000 after buying an additional 529 shares during the period. Ashton Thomas Securities LLC bought a new position in Kraft Heinz during the third quarter valued at about $27,000. DiNuzzo Private Wealth Inc. grew its holdings in Kraft Heinz by 1,077.0% during the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock worth $31,000 after acquiring an additional 797 shares during the period. Finally, Bangor Savings Bank bought a new stake in Kraft Heinz in the third quarter worth about $32,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related 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 value 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.37% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently issued reports on KHC. Stifel Nicolaus cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. UBS Group decreased their price target on shares of Kraft Heinz from $37.00 to $31.00 and set a “neutral” rating on the stock in a research report on Thursday. Piper Sandler reiterated a “neutral” rating and set a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. Barclays decreased their target price on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft downgraded Kraft Heinz from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $35.00 in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kraft Heinz has an average rating of “Hold” and a consensus price target of $35.23.

Kraft Heinz Price Performance

NASDAQ KHC opened at $29.27 on Monday. The company has a 50 day simple moving average of $30.80 and a 200-day simple moving average of $33.21. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96. The firm has a market capitalization of $35.39 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.06 and a quick ratio of 0.56.

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

Kraft Heinz Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date was Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Kraft Heinz Company 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.