Integrated Advisors Network LLC Has $500,000 Position in The Kraft Heinz Company (NASDAQ:KHC)

Integrated Advisors Network LLC raised its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 24.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,430 shares of the company’s stock after purchasing an additional 3,195 shares during the quarter. Integrated Advisors Network LLC’s holdings in Kraft Heinz were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KHC. Generali Investments Management Co LLC acquired a new stake in shares of Kraft Heinz during the 4th quarter worth about $26,000. Mountain Hill Investment Partners Corp. acquired a new stake in Kraft Heinz during the fourth quarter worth approximately $29,000. OFI Invest Asset Management bought a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $36,000. Pinney & Scofield Inc. bought a new stake in shares of Kraft Heinz during the fourth quarter worth approximately $38,000. Finally, Kennondale Capital Management LLC acquired a new position in shares of Kraft Heinz in the fourth quarter valued at approximately $45,000. 78.17% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays dropped their price target on Kraft Heinz from $33.00 to $29.00 and set an “equal weight” rating for the company in a report on Friday, February 14th. Sanford C. Bernstein cut shares of Kraft Heinz from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Mizuho set a $29.00 price target on shares of Kraft Heinz and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Wall Street Zen upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Wednesday, March 12th. Finally, Cfra Research lowered shares of Kraft Heinz from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $30.35.

Kraft Heinz Stock Down 1.4%

Shares of NASDAQ KHC opened at $26.08 on Friday. The company has a market cap of $30.87 billion, a price-to-earnings ratio of 11.54, a PEG ratio of 3.39 and a beta of 0.27. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.39. The Kraft Heinz Company has a 12 month low of $26.01 and a 12 month high of $36.53. The stock has a 50-day moving average price of $27.97 and a two-hundred day moving average price of $29.42.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business had revenue of $6 billion during the quarter, compared to analysts’ expectations of $6.02 billion. During the same period in the prior year, the company earned $0.69 EPS. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. As a group, analysts forecast that The Kraft Heinz Company will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, May 30th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.13%. The ex-dividend date is Friday, May 30th. Kraft Heinz’s dividend payout ratio (DPR) is 73.06%.

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.