The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Cladis Investment Advisory LLC

Cladis Investment Advisory LLC lifted its position in shares of The Kraft Heinz Company (NASDAQ:KHC) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,410 shares of the company’s stock after purchasing an additional 1,231 shares during the quarter. Cladis Investment Advisory LLC’s holdings in Kraft Heinz were worth $1,313,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Janus Henderson Group PLC raised its holdings in Kraft Heinz by 24.5% in the 1st quarter. Janus Henderson Group PLC now owns 119,079 shares of the company’s stock worth $4,391,000 after purchasing an additional 23,432 shares during the period. Atria Investments Inc lifted its holdings in Kraft Heinz by 4.2% during the first quarter. Atria Investments Inc now owns 55,632 shares of the company’s stock valued at $2,053,000 after purchasing an additional 2,224 shares in the last quarter. Cetera Investment Advisers grew its position in shares of Kraft Heinz by 132.3% in the first quarter. Cetera Investment Advisers now owns 377,484 shares of the company’s stock valued at $13,929,000 after purchasing an additional 215,015 shares during the period. Cetera Advisors LLC lifted its stake in Kraft Heinz by 187.2% in the 1st quarter. Cetera Advisors LLC now owns 123,354 shares of the company’s stock valued at $4,552,000 after buying an additional 80,396 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Kraft Heinz by 75.4% during the first quarter. EverSource Wealth Advisors LLC now owns 6,536 shares of the company’s stock valued at $252,000 after acquiring an additional 2,810 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Kraft Heinz Stock Performance

Shares of Kraft Heinz stock opened at $31.97 on Monday. The firm has a market cap of $38.66 billion, a PE ratio of 28.80, a price-to-earnings-growth ratio of 3.65 and a beta of 0.49. The company has a quick ratio of 0.56, a current ratio of 1.06 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 52 week low of $30.40 and a 52 week high of $38.96. The business’s fifty day simple moving average is $33.77 and its 200-day simple moving average is $34.10.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The company had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the prior year, the company posted $0.72 earnings per share. Kraft Heinz’s revenue for the quarter was down 2.8% compared to the same quarter last year. Equities analysts forecast that The Kraft Heinz Company will post 3.01 earnings per share for the current year.

Kraft Heinz Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, November 29th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Friday, November 29th. Kraft Heinz’s payout ratio is 144.14%.

Analyst Ratings Changes

Several research firms recently commented on KHC. Piper Sandler reissued a “neutral” rating and issued a $35.00 price objective (down from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Mizuho dropped their price objective on shares of Kraft Heinz from $43.00 to $41.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group decreased their target price on shares of Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. Finally, Stifel Nicolaus downgraded Kraft Heinz from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $40.00 to $38.00 in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $36.55.

Insiders Place Their Bets

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the business’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total value of $1,505,250.00. Following the sale, the executive vice president now owns 168,195 shares in the company, valued at approximately $5,626,122.75. The trade was a 21.11 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.32% 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.