Integrated Investment Consultants LLC Has $195,000 Holdings in The Kraft Heinz Company (KHC)
Integrated Investment Consultants LLC maintained its position in shares of The Kraft Heinz Company (NASDAQ:KHC) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,278 shares of the company’s stock at the close of the 2nd quarter. Integrated Investment Consultants LLC’s holdings in The Kraft Heinz were worth $195,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. Rockefeller Financial Services Inc. raised its position in shares of The Kraft Heinz by 240.2% during the 1st quarter. Rockefeller Financial Services Inc. now owns 1,133 shares of the company’s stock valued at $103,000 after buying an additional 800 shares in the last quarter. Blue Chip Partners Inc. grew its holdings in shares of The Kraft Heinz by 0.5% during the 1st quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock valued at $134,000 after purchasing an additional 8 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of The Kraft Heinz during the 1st quarter valued at $136,000. Enterprise Financial Services Corp grew its holdings in shares of The Kraft Heinz by 11.8% during the 1st quarter. Enterprise Financial Services Corp now owns 1,521 shares of the company’s stock valued at $138,000 after purchasing an additional 160 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its holdings in shares of The Kraft Heinz by 7.0% during the 1st quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 1,527 shares of the company’s stock valued at $139,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 61.91% of the company’s stock.
KHC has been the topic of several recent research reports. BidaskClub lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Wednesday, June 21st. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Susquehanna Bancshares Inc reaffirmed a “neutral” rating and set a $91.00 target price (down previously from $99.00) on shares of The Kraft Heinz in a report on Monday, July 10th. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, July 29th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and set a $99.00 target price (down previously from $102.00) on shares of The Kraft Heinz in a report on Wednesday, June 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $97.26.
Shares of The Kraft Heinz Company (NASDAQ:KHC) traded down 0.26% during midday trading on Wednesday, reaching $81.97. 1,162,473 shares of the company’s stock were exchanged. The Kraft Heinz Company has a 12-month low of $79.69 and a 12-month high of $97.77. The stock’s 50 day moving average is $82.36 and its 200-day moving average is $88.72. The stock has a market cap of $99.86 billion, a PE ratio of 26.27 and a beta of 0.45.
The Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.02. The firm had revenue of $6.68 billion for the quarter, compared to analysts’ expectations of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. During the same period in the prior year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was down 1.7% on a year-over-year basis. On average, equities analysts expect that The Kraft Heinz Company will post $3.24 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a yield of 3.04%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date is Wednesday, August 16th. The Kraft Heinz’s dividend payout ratio is presently 79.87%.
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About The Kraft Heinz
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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