World Investment Advisors LLC Has $311,000 Stake in The Kraft Heinz Company (NASDAQ:KHC)

World Investment Advisors LLC grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 30.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,861 shares of the company’s stock after buying an additional 2,094 shares during the quarter. World Investment Advisors LLC’s holdings in Kraft Heinz were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its stake in Kraft Heinz by 62.7% in the second quarter. Blue Trust Inc. now owns 3,645 shares of the company’s stock valued at $117,000 after buying an additional 1,404 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in Kraft Heinz during the 2nd quarter worth approximately $242,000. &PARTNERS bought a new position in Kraft Heinz in the 2nd quarter valued at approximately $483,000. Secure Asset Management LLC boosted its position in Kraft Heinz by 2.8% in the second quarter. Secure Asset Management LLC now owns 41,591 shares of the company’s stock valued at $1,340,000 after buying an additional 1,124 shares in the last quarter. Finally, Premier Path Wealth Partners LLC grew its stake in shares of Kraft Heinz by 3.5% during the second quarter. Premier Path Wealth Partners LLC now owns 35,477 shares of the company’s stock worth $1,143,000 after buying an additional 1,189 shares during the last quarter. Institutional investors own 78.17% of the company’s stock.

Analyst Upgrades and Downgrades

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

Kraft Heinz Stock Down 3.0 %

Shares of NASDAQ KHC opened at $30.30 on Thursday. The company’s 50 day moving average price is $32.86 and its 200-day moving average price is $33.71. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The Kraft Heinz Company has a 52-week low of $30.09 and a 52-week high of $38.96. The company has a market capitalization of $36.64 billion, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 3.57 and a beta of 0.48.

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

Kraft Heinz Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, November 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 5.28%. Kraft Heinz’s dividend payout ratio is currently 144.14%.

Insiders Place Their Bets

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the stock in a transaction on Tuesday, November 5th. The shares were sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the transaction, the executive vice president now directly owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.32% of the stock is currently owned by corporate insiders.

Kraft Heinz 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.