The Kraft Heinz Company (NASDAQ:KHC) Shares Sold by Morgan Dempsey Capital Management LLC

Morgan Dempsey Capital Management LLC trimmed its position in The Kraft Heinz Company (NASDAQ:KHC) by 6.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 224,504 shares of the company’s stock after selling 14,468 shares during the quarter. Kraft Heinz makes up 2.4% of Morgan Dempsey Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Morgan Dempsey Capital Management LLC’s holdings in Kraft Heinz were worth $7,234,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Kraft Heinz by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 70,398,831 shares of the company’s stock valued at $2,603,349,000 after purchasing an additional 183,234 shares in the last quarter. Capital World Investors grew its stake in Kraft Heinz by 83.4% during the 1st quarter. Capital World Investors now owns 8,709,714 shares of the company’s stock worth $321,388,000 after buying an additional 3,961,872 shares during the last quarter. Cooke & Bieler LP raised its position in shares of Kraft Heinz by 4.7% during the 2nd quarter. Cooke & Bieler LP now owns 3,402,510 shares of the company’s stock worth $109,629,000 after buying an additional 153,490 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Kraft Heinz by 18.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,081,905 shares of the company’s stock valued at $113,960,000 after acquiring an additional 474,758 shares during the last quarter. Finally, Nordea Investment Management AB boosted its position in Kraft Heinz by 56.7% during the 1st quarter. Nordea Investment Management AB now owns 2,840,148 shares of the company’s stock worth $104,929,000 after acquiring an additional 1,027,636 shares during the period. 78.17% of the stock is owned by hedge funds and other institutional investors.

Kraft Heinz Trading Down 0.8 %

NASDAQ KHC traded down $0.29 on Friday, hitting $35.84. 5,831,944 shares of the stock were exchanged, compared to its average volume of 7,934,222. The Kraft Heinz Company has a 52-week low of $30.68 and a 52-week high of $38.96. The firm has a market capitalization of $43.52 billion, a P/E ratio of 15.65, a P/E/G ratio of 3.32 and a beta of 0.49. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.53 and a current ratio of 1.01. The stock has a fifty day moving average price of $34.14 and a two-hundred day moving average price of $35.07.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.05. Kraft Heinz had a net margin of 7.30% and a return on equity of 7.38%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same period in the prior year, the company posted $0.79 EPS. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, August 30th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date is Friday, August 30th. Kraft Heinz’s payout ratio is currently 69.87%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Bank of America reduced their target price on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Wells Fargo & Company raised their target price on shares of Kraft Heinz from $34.00 to $35.00 and gave the stock an “equal weight” rating in a report on Thursday, August 1st. The Goldman Sachs Group began coverage on Kraft Heinz in a research note on Monday, August 12th. They issued a “sell” rating and a $34.00 price target for the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Kraft Heinz from $43.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $37.31.

Insider Buying and Selling at Kraft Heinz

In other news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction on Friday, August 2nd. The stock was sold at an average price of $36.00, for a total transaction of $146,736.00. Following the completion of the sale, the insider now directly owns 143,970 shares in the company, valued at $5,182,920. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

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.