The Kraft Heinz Company (NASDAQ:KHC) Shares Purchased by Goodman Financial Corp

Goodman Financial Corp grew its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 1.8% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 381,724 shares of the company’s stock after buying an additional 6,814 shares during the quarter. Kraft Heinz accounts for 3.0% of Goodman Financial Corp’s investment portfolio, making the stock its 17th largest holding. Goodman Financial Corp’s holdings in Kraft Heinz were worth $13,402,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in KHC. Janus Henderson Group PLC grew its holdings in Kraft Heinz by 24.5% during the first quarter. Janus Henderson Group PLC now owns 119,079 shares of the company’s stock worth $4,391,000 after acquiring an additional 23,432 shares during the period. B. Riley Wealth Advisors Inc. grew its stake in shares of Kraft Heinz by 14.5% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 20,176 shares of the company’s stock worth $679,000 after purchasing an additional 2,548 shares during the period. California State Teachers Retirement System increased its holdings in shares of Kraft Heinz by 2.2% in the 1st quarter. California State Teachers Retirement System now owns 1,436,242 shares of the company’s stock valued at $52,997,000 after purchasing an additional 30,649 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of Kraft Heinz by 14.2% in the first quarter. Tidal Investments LLC now owns 74,901 shares of the company’s stock valued at $2,763,000 after purchasing an additional 9,327 shares during the period. Finally, KLCM Advisors Inc. lifted its stake in shares of Kraft Heinz by 7.3% in the first quarter. KLCM Advisors Inc. now owns 68,456 shares of the company’s stock valued at $2,526,000 after purchasing an additional 4,675 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s 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 directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. The trade was a 21.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.37% of the stock is owned by corporate insiders.

Kraft Heinz Trading Up 0.7 %

Shares of KHC stock opened at $32.02 on Tuesday. The company has a market capitalization of $38.72 billion, a price-to-earnings ratio of 28.85, a PEG ratio of 3.63 and a beta of 0.49. 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 $34.01 and a 200 day moving average price of $34.22. The Kraft Heinz Company has a twelve month low of $30.40 and a twelve month high of $38.96.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data 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. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same quarter in the previous year, the business posted $0.72 earnings per share. The company’s revenue was down 2.8% on a year-over-year basis. Research analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.00%. Kraft Heinz’s dividend payout ratio (DPR) is presently 144.14%.

Analyst Upgrades and Downgrades

KHC has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Kraft Heinz from a “buy” rating to a “hold” rating and dropped their target price for the company from $39.00 to $35.00 in a report on Thursday, October 31st. Mizuho reduced their price objective on Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. The Goldman Sachs Group decreased their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. Citigroup dropped their price target on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. One equities research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $36.55.

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.