Goodman Financial Corp Raises Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Goodman Financial Corp boosted its stake in The Kraft Heinz Company (NASDAQ:KHC) by 3.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 396,327 shares of the company’s stock after buying an additional 14,603 shares during the quarter. Kraft Heinz makes up about 2.6% of Goodman Financial Corp’s holdings, making the stock its 25th biggest position. Goodman Financial Corp’s holdings in Kraft Heinz were worth $12,171,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KHC. Sawyer & Company Inc purchased a new position in shares of Kraft Heinz during the fourth quarter valued at approximately $25,000. Generali Investments Management Co LLC acquired a new position in Kraft Heinz in the 4th quarter valued at $26,000. Larson Financial Group LLC lifted its stake in shares of Kraft Heinz by 191.0% during the 3rd quarter. Larson Financial Group LLC now owns 969 shares of the company’s stock worth $34,000 after purchasing an additional 636 shares during the period. R Squared Ltd acquired a new stake in shares of Kraft Heinz during the fourth quarter worth $34,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Kraft Heinz in the fourth quarter valued at $36,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. The Goldman Sachs Group decreased their price target on Kraft Heinz from $32.00 to $28.00 and set a “sell” rating on the stock in a research note on Thursday, February 13th. Bank of America cut shares of Kraft Heinz from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $36.00 to $30.00 in a research report on Thursday, February 13th. Barclays dropped their price target on shares of Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a research report on Friday, February 14th. TD Cowen decreased their price target on shares of Kraft Heinz from $34.00 to $32.00 and set a “hold” rating on the stock in a report on Wednesday, January 8th. Finally, Evercore ISI restated an “in-line” rating and set a $35.00 price objective (down from $38.00) on shares of Kraft Heinz in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating and thirteen have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.86.

Kraft Heinz Trading Down 0.6 %

NASDAQ KHC opened at $29.71 on Friday. The company’s fifty day simple moving average is $29.90 and its 200-day simple moving average is $32.00. The stock has a market cap of $35.50 billion, a P/E ratio of 13.15, a PEG ratio of 3.39 and a beta of 0.40. The Kraft Heinz Company has a 52 week low of $27.25 and a 52 week high of $38.96. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 12th. The company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. Equities research analysts predict that The Kraft Heinz Company will post 2.68 EPS for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 7th will be issued a dividend of $0.40 per share. The ex-dividend date is Friday, March 7th. This represents a $1.60 annualized dividend and a yield of 5.39%. Kraft Heinz’s dividend payout ratio is presently 70.80%.

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.