Brookstone Capital Management Boosts Stock Position in Kraft Heinz Company (NASDAQ:KHC)

Brookstone Capital Management boosted its holdings in Kraft Heinz Company (NASDAQ:KHC - Free Report) by 10.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 378,951 shares of the company's stock after buying an additional 36,071 shares during the quarter. Brookstone Capital Management's holdings in Kraft Heinz were worth $11,531,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Generali Investments Management Co LLC purchased a new position in Kraft Heinz in the fourth quarter valued at $26,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of Kraft Heinz during the fourth quarter worth about $29,000. Rossby Financial LCC purchased a new position in shares of Kraft Heinz during the first quarter worth about $29,000. OFI Invest Asset Management purchased a new position in shares of Kraft Heinz during the fourth quarter worth about $36,000. Finally, Pinney & Scofield Inc. purchased a new position in shares of Kraft Heinz during the fourth quarter worth about $38,000. Hedge funds and other institutional investors own 78.17% of the company's stock.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $26.63 on Friday. The company has a 50-day moving average price of $26.97 and a 200 day moving average price of $28.86. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. The company has a quick ratio of 0.81, a current ratio of 1.31 and a debt-to-equity ratio of 0.42. The company has a market cap of $31.52 billion, a P/E ratio of 12.16, a PEG ratio of 3.12 and a beta of 0.25.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.44% and a return on equity of 7.37%. The company had revenue of $6 billion during the quarter, compared to the consensus estimate of $6.02 billion. During the same period last year, the firm earned $0.69 EPS. The company's revenue for the quarter was down 6.4% on a year-over-year basis. Research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, May 30th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, May 30th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.01%. Kraft Heinz's payout ratio is 73.06%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KHC. DZ Bank lowered Kraft Heinz from a "buy" rating to a "hold" rating and set a $31.00 price objective on the stock. in a report on Friday, May 9th. Morgan Stanley began coverage on Kraft Heinz in a report on Monday, March 24th. They set an "underweight" rating and a $29.00 price target on the stock. The Goldman Sachs Group raised Kraft Heinz from a "sell" rating to a "neutral" rating and raised their price target for the stock from $25.00 to $27.00 in a report on Wednesday, June 25th. Stifel Nicolaus lowered their price target on Kraft Heinz from $31.00 to $30.00 and set a "hold" rating on the stock in a report on Wednesday, April 30th. Finally, Wall Street Zen raised Kraft Heinz from a "sell" rating to a "hold" rating in a report on Wednesday, March 12th. Three research analysts have rated the stock with a sell rating and sixteen have assigned a hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $30.47.

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.

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