A. D. Beadell Investment Counsel Inc. Increases Stake in The Kraft Heinz Company (NASDAQ:KHC)

A. D. Beadell Investment Counsel Inc. boosted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 44.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,715 shares of the company’s stock after acquiring an additional 3,000 shares during the quarter. A. D. Beadell Investment Counsel Inc.’s holdings in Kraft Heinz were worth $298,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in KHC. Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kraft Heinz during the third quarter valued at approximately $411,304,000. State Street Corp increased its stake in Kraft Heinz by 16.7% in the third quarter. State Street Corp now owns 44,400,402 shares of the company’s stock worth $1,558,898,000 after purchasing an additional 6,366,732 shares during the period. Geode Capital Management LLC lifted its position in shares of Kraft Heinz by 11.3% during the third quarter. Geode Capital Management LLC now owns 19,150,328 shares of the company’s stock worth $669,821,000 after purchasing an additional 1,944,019 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Kraft Heinz by 47.3% during the second quarter. Dimensional Fund Advisors LP now owns 5,536,214 shares of the company’s stock valued at $178,379,000 after purchasing an additional 1,778,263 shares during the period. Finally, Nordea Investment Management AB grew its holdings in shares of Kraft Heinz by 16.3% in the fourth quarter. Nordea Investment Management AB now owns 8,813,268 shares of the company’s stock worth $269,906,000 after purchasing an additional 1,238,200 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Insider Activity

In other Kraft Heinz news, EVP Pedro F. P. Navio sold 45,000 shares of the company’s 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 sale, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at approximately $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.32% of the company’s stock.

Kraft Heinz Stock Down 3.4 %

Shares of NASDAQ KHC traded down $1.02 during trading hours on Friday, hitting $28.64. 5,383,287 shares of the stock were exchanged, compared to its average volume of 7,637,461. The company has a market cap of $34.63 billion, a PE ratio of 25.80, a PEG ratio of 3.62 and a beta of 0.48. The Kraft Heinz Company has a 12 month low of $28.61 and a 12 month high of $38.96. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average price of $31.33 and a 200-day moving average price of $33.36.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period in the prior year, the company posted $0.72 EPS. The firm’s quarterly revenue was down 2.8% compared to the same quarter last year. On average, sell-side analysts expect that The Kraft Heinz Company will post 3.01 EPS for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed 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. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 5.59%. Kraft Heinz’s payout ratio is currently 144.14%.

Analyst Ratings Changes

KHC has been the subject of several research reports. Mizuho lowered their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Stifel Nicolaus cut Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $40.00 to $38.00 in a research note on Friday, October 25th. TD Cowen reduced their price objective on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday. Evercore ISI reissued an “in-line” rating and set a $35.00 price target (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday. Finally, Citigroup decreased their price objective on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $35.58.

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.