Integrated Wealth Concepts LLC Has $1.51 Million Position in The Kraft Heinz Company (NASDAQ:KHC)

Integrated Wealth Concepts LLC lifted its holdings in The Kraft Heinz Company (NASDAQ:KHC - Free Report) by 72.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 42,941 shares of the company's stock after acquiring an additional 17,973 shares during the period. Integrated Wealth Concepts LLC's holdings in Kraft Heinz were worth $1,508,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Invenomic Capital Management LP boosted its holdings in Kraft Heinz by 18.8% in the 3rd quarter. Invenomic Capital Management LP now owns 655,229 shares of the company's stock worth $23,005,000 after acquiring an additional 103,815 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Kraft Heinz during the third quarter worth $411,304,000. Chevy Chase Trust Holdings LLC boosted its stake in shares of Kraft Heinz by 9.8% in the third quarter. Chevy Chase Trust Holdings LLC now owns 473,891 shares of the company's stock valued at $16,638,000 after purchasing an additional 42,323 shares during the period. Cladis Investment Advisory LLC grew its holdings in Kraft Heinz by 3.4% during the 3rd quarter. Cladis Investment Advisory LLC now owns 37,410 shares of the company's stock valued at $1,313,000 after purchasing an additional 1,231 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its stake in Kraft Heinz by 3,129.1% during the 3rd quarter. Benjamin Edwards Inc. now owns 12,109 shares of the company's stock worth $425,000 after buying an additional 11,734 shares during the period. Hedge funds and other institutional investors own 78.17% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Barclays dropped their price objective on Kraft Heinz from $36.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, November 1st. Piper Sandler restated a "neutral" rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Mizuho reduced their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an "outperform" rating on the stock in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft downgraded shares of Kraft Heinz from a "buy" rating to a "hold" rating and dropped their target price for the stock from $39.00 to $35.00 in a research report on Thursday, October 31st. Finally, Citigroup reduced their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a "buy" rating on the stock in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $36.55.

Insider Transactions at Kraft Heinz

In related news, EVP Pedro F. P. Navio sold 45,000 shares of Kraft Heinz stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the sale, the executive vice president now directly owns 168,195 shares of the company's stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. 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 Stock Performance

KHC traded down $0.10 on Friday, hitting $30.81. 11,870,805 shares of the company's stock were exchanged, compared to its average volume of 10,482,401. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a twelve month low of $30.40 and a twelve month high of $38.96. The stock has a fifty day moving average of $33.40 and a two-hundred day moving average of $33.93. The firm has a market cap of $37.25 billion, a PE ratio of 27.76, a P/E/G ratio of 3.54 and a beta of 0.48.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.01. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The firm had revenue of $6.38 billion during the quarter, compared to analyst estimates of $6.42 billion. During the same period in the previous year, the company earned $0.72 EPS. The company's revenue for the quarter was down 2.8% on a year-over-year basis. On average, research analysts anticipate that The Kraft Heinz Company will post 3.01 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.19%. The ex-dividend date of this dividend is Friday, November 29th. Kraft Heinz's dividend payout ratio (DPR) is currently 144.14%.

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.