9,117 Shares in The Kraft Heinz Company (NASDAQ:KHC) Acquired by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. acquired a new position in The Kraft Heinz Company (NASDAQ:KHC) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,117 shares of the company’s stock, valued at approximately $294,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. TCW Group Inc. bought a new position in Kraft Heinz in the 4th quarter valued at $1,098,000. Shell Asset Management Co. boosted its holdings in Kraft Heinz by 251.3% in the 4th quarter. Shell Asset Management Co. now owns 33,829 shares of the company’s stock valued at $1,251,000 after purchasing an additional 24,199 shares during the period. Tower Research Capital LLC TRC boosted its holdings in Kraft Heinz by 120.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 137,353 shares of the company’s stock valued at $5,079,000 after purchasing an additional 75,149 shares during the period. Bridgewater Associates LP boosted its holdings in Kraft Heinz by 7.7% in the 4th quarter. Bridgewater Associates LP now owns 1,661,700 shares of the company’s stock valued at $61,450,000 after purchasing an additional 118,260 shares during the period. Finally, Lazard Asset Management LLC boosted its holdings in Kraft Heinz by 13.2% in the 1st quarter. Lazard Asset Management LLC now owns 2,006,917 shares of the company’s stock valued at $74,053,000 after purchasing an additional 234,783 shares during the period. 78.17% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

KHC has been the subject of several analyst reports. Barclays raised their price target on shares of Kraft Heinz from $34.00 to $36.00 and gave the company an “equal weight” rating in a report on Thursday, August 1st. Bank of America lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Citigroup lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Evercore ISI lowered their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Kraft Heinz from $43.00 to $39.00 and set a “buy” rating on the stock in a research 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. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $37.31.

Kraft Heinz Price Performance

Shares of NASDAQ:KHC opened at $35.43 on Friday. The stock has a market cap of $43.02 billion, a PE ratio of 15.47, a PEG ratio of 3.52 and a beta of 0.53. The company’s fifty day moving average is $33.77 and its 200 day moving average is $35.05. The Kraft Heinz Company has a 52 week low of $30.68 and a 52 week high of $38.96. The company has a quick ratio of 0.61, a current ratio of 1.01 and a debt-to-equity ratio of 0.39.

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

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.52%. The ex-dividend date of this dividend is Friday, August 30th. Kraft Heinz’s payout ratio is 69.87%.

Insider Buying and Selling at Kraft Heinz

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of the business’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $36.00, for a total value of $146,736.00. Following the transaction, the insider now owns 143,970 shares in the company, valued at $5,182,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.32% of the company’s stock.

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.