LRI Investments LLC Sells 837 Shares of Kraft Heinz Company $KHC

LRI Investments LLC decreased its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,263 shares of the company’s stock after selling 837 shares during the quarter. LRI Investments LLC’s holdings in Kraft Heinz were worth $213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KHC. Farther Finance Advisors LLC boosted its holdings in shares of Kraft Heinz by 58.3% in the 1st quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company’s stock valued at $671,000 after buying an additional 8,144 shares in the last quarter. GAMMA Investing LLC boosted its stake in Kraft Heinz by 28.1% in the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock valued at $481,000 after acquiring an additional 3,468 shares in the last quarter. CX Institutional acquired a new stake in Kraft Heinz in the first quarter valued at approximately $322,000. Fifth Third Bancorp boosted its position in shares of Kraft Heinz by 10.8% in the 1st quarter. Fifth Third Bancorp now owns 29,567 shares of the company’s stock worth $900,000 after purchasing an additional 2,879 shares in the last quarter. Finally, Hennessy Advisors Inc. boosted its position in shares of Kraft Heinz by 42.4% in the 1st quarter. Hennessy Advisors Inc. now owns 187,000 shares of the company’s stock worth $5,690,000 after purchasing an additional 55,700 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Stifel Nicolaus lowered their target price on shares of Kraft Heinz from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, September 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Morgan Stanley set a $29.00 price objective on shares of Kraft Heinz and gave the stock an “equal weight” rating in a research note on Wednesday, September 3rd. Barclays lowered their price objective on shares of Kraft Heinz from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Friday. Finally, Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz currently has an average rating of “Reduce” and an average target price of $29.53.

Kraft Heinz Trading Up 0.4%

Shares of NASDAQ:KHC opened at $25.15 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.66 and a debt-to-equity ratio of 0.47. The business has a 50 day moving average of $26.74 and a two-hundred day moving average of $27.40. Kraft Heinz Company has a 12-month low of $24.85 and a 12-month high of $36.31. The company has a market capitalization of $29.77 billion, a PE ratio of -5.60, a PEG ratio of 2.94 and a beta of 0.16.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $6.39 billion during the quarter. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. As a group, analysts forecast that Kraft Heinz Company will post 2.68 EPS for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, August 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.4%. Kraft Heinz’s dividend payout ratio is presently -35.63%.

Insider Activity at Kraft Heinz

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $27.91, for a total transaction of $697,750.00. Following the completion of the transaction, the director owned 40,000 shares of the company’s stock, valued at $1,116,400. This represents a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.35% of the stock is owned by insiders.

About Kraft Heinz

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.