Capital Investment Advisory Services LLC Sells 345 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Capital Investment Advisory Services LLC decreased its position in The Kraft Heinz Company (NASDAQ:KHC) by 4.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,970 shares of the company’s stock after selling 345 shares during the period. Capital Investment Advisory Services LLC’s holdings in Kraft Heinz were worth $214,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of KHC. Sawyer & Company Inc acquired a new position in Kraft Heinz during the fourth quarter worth $25,000. Fortitude Family Office LLC boosted its stake in shares of Kraft Heinz by 249.5% during the 3rd quarter. Fortitude Family Office LLC now owns 741 shares of the company’s stock worth $26,000 after buying an additional 529 shares during the last quarter. Ashton Thomas Securities LLC bought a new position in shares of Kraft Heinz in the 3rd quarter valued at about $27,000. DiNuzzo Private Wealth Inc. increased its position in shares of Kraft Heinz by 1,077.0% in the third quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after acquiring an additional 797 shares during the last quarter. Finally, Bangor Savings Bank bought a new stake in Kraft Heinz during the third quarter worth about $32,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Trading Down 1.4 %

Shares of Kraft Heinz stock opened at $29.84 on Friday. The Kraft Heinz Company has a 52-week low of $28.37 and a 52-week high of $38.96. The stock has a market cap of $36.08 billion, a PE ratio of 26.88, a PEG ratio of 3.80 and a beta of 0.48. The firm has a 50-day moving average of $30.45 and a 200-day moving average of $33.05. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06.

Kraft Heinz (NASDAQ:KHC) last announced its earnings results on Wednesday, October 30th. The company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.01. The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a net margin of 5.24% and a return on equity of 7.46%. The business’s revenue was down 2.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.72 EPS. As a group, sell-side analysts forecast that The Kraft Heinz Company will post 3 EPS for the current year.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group dropped their price objective on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Citigroup cut their price target on shares of Kraft Heinz from $39.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Jefferies Financial Group lowered their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a research note on Wednesday. Barclays reduced their price target on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, November 1st. Finally, Piper Sandler restated a “neutral” rating and issued a $35.00 price objective (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $34.07.

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.