Kraft Heinz Company $KHC Position Cut by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC decreased its holdings in Kraft Heinz Company (NASDAQ:KHC) by 41.7% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,215 shares of the company’s stock after selling 15,905 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Kraft Heinz were worth $676,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of KHC. Vanguard Group Inc. grew its stake in shares of Kraft Heinz by 12.7% in the first quarter. Vanguard Group Inc. now owns 101,980,834 shares of the company’s stock worth $3,103,277,000 after purchasing an additional 11,472,071 shares in the last quarter. Pacer Advisors Inc. grew its position in Kraft Heinz by 4,390.7% in the 1st quarter. Pacer Advisors Inc. now owns 7,444,062 shares of the company’s stock valued at $226,523,000 after buying an additional 7,278,295 shares in the last quarter. Southeastern Asset Management Inc. TN bought a new position in Kraft Heinz in the 4th quarter valued at about $87,080,000. Nuveen LLC bought a new position in shares of Kraft Heinz in the first quarter valued at approximately $61,110,000. Finally, Worldquant Millennium Advisors LLC boosted its holdings in shares of Kraft Heinz by 1,830.2% in the fourth quarter. Worldquant Millennium Advisors LLC now owns 1,936,367 shares of the company’s stock valued at $59,466,000 after acquiring an additional 1,836,048 shares in the last quarter. Institutional investors own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.5%

NASDAQ:KHC opened at $26.13 on Friday. Kraft Heinz Company has a 1-year low of $25.44 and a 1-year high of $36.31. The stock has a fifty day simple moving average of $27.47 and a 200 day simple moving average of $28.08. The firm has a market capitalization of $30.93 billion, a price-to-earnings ratio of -5.82, a price-to-earnings-growth ratio of 3.09 and a beta of 0.23. The company has a quick ratio of 0.66, a current ratio of 1.07 and a debt-to-equity ratio of 0.47.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.26 billion. During the same period last year, the company posted $0.78 earnings per share. The business’s revenue for the quarter was down 1.9% on a year-over-year basis. Kraft Heinz has set its FY 2025 guidance at 2.510-2.670 EPS. Sell-side analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a dividend of $0.40 per share. The ex-dividend date is Friday, August 29th. This represents a $1.60 dividend on an annualized basis and a yield of 6.1%. Kraft Heinz’s dividend payout ratio (DPR) is presently -35.63%.

Analyst Ratings Changes

Several research firms have recently issued reports on KHC. Mizuho set a $29.00 price objective on shares of Kraft Heinz and gave the company a “neutral” rating in a report on Wednesday, May 28th. Hsbc Global Res raised Kraft Heinz to a “hold” rating in a research note on Friday, August 1st. UBS Group set a $28.00 price target on Kraft Heinz and gave the company a “neutral” rating in a research note on Thursday, September 4th. The Goldman Sachs Group raised Kraft Heinz from a “sell” rating to a “neutral” rating and raised their target price for the company from $25.00 to $27.00 in a research note on Wednesday, June 25th. Finally, Wells Fargo & Company decreased their target price on Kraft Heinz from $29.00 to $27.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 3rd. Seventeen equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $29.76.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of the firm’s stock in a transaction dated 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 sale, the director directly owned 40,000 shares in the company, valued at approximately $1,116,400. This trade represents a 38.46% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.35% of the company’s stock.

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.