Morgan Dempsey Capital Management LLC Has $4.30 Million Stake in Kraft Heinz Company $KHC

Morgan Dempsey Capital Management LLC decreased its position in Kraft Heinz Company (NASDAQ:KHC) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 166,503 shares of the company’s stock after selling 3,225 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in Kraft Heinz were worth $4,299,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Shell Asset Management Co. grew its position in shares of Kraft Heinz by 89.7% in the second quarter. Shell Asset Management Co. now owns 90,450 shares of the company’s stock valued at $2,335,000 after purchasing an additional 42,758 shares during the last quarter. Swedbank AB grew its position in shares of Kraft Heinz by 13.6% in the first quarter. Swedbank AB now owns 878,684 shares of the company’s stock valued at $26,738,000 after purchasing an additional 104,872 shares during the last quarter. Lakeshore Capital Group Inc. grew its position in shares of Kraft Heinz by 39.8% in the second quarter. Lakeshore Capital Group Inc. now owns 37,050 shares of the company’s stock valued at $957,000 after purchasing an additional 10,551 shares during the last quarter. Bard Financial Services Inc. grew its position in shares of Kraft Heinz by 24.5% in the second quarter. Bard Financial Services Inc. now owns 104,225 shares of the company’s stock valued at $2,691,000 after purchasing an additional 20,500 shares during the last quarter. Finally, D.A. Davidson & CO. grew its position in shares of Kraft Heinz by 7.8% in the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock valued at $2,746,000 after purchasing an additional 6,551 shares during the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on KHC shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Jefferies Financial Group cut their price target on Kraft Heinz from $28.00 to $24.00 and set a “hold” rating for the company in a research note on Wednesday. Morgan Stanley cut their price target on Kraft Heinz from $29.00 to $28.00 in a research note on Thursday. JPMorgan Chase & Co. started coverage on Kraft Heinz in a research note on Wednesday, August 20th. They issued a “neutral” rating and a $27.00 price target for the company. Finally, Hsbc Global Res upgraded Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, Kraft Heinz presently has an average rating of “Reduce” and an average price target of $28.65.

Kraft Heinz Stock Up 1.6%

NASDAQ KHC opened at $25.52 on Friday. The business has a fifty day moving average price of $26.54 and a two-hundred day moving average price of $27.24. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.07 and a quick ratio of 0.66. Kraft Heinz Company has a fifty-two week low of $24.80 and a fifty-two week high of $36.31. The stock has a market capitalization of $30.21 billion, a PE ratio of -5.68, a PEG ratio of 2.99 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. Kraft Heinz had a positive return on equity of 7.40% and a negative net margin of 20.83%.The firm had revenue of $6.39 billion during the quarter. Equities analysts expect that Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were paid a dividend of $0.40 per share. The ex-dividend date was Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 6.3%. Kraft Heinz’s dividend payout ratio is presently -35.63%.

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.