Community Bank & Trust Waco Texas Has $2.11 Million Holdings in Kraft Heinz Company $KHC

Community Bank & Trust Waco Texas lifted its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 3.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 69,382 shares of the company’s stock after purchasing an additional 2,008 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Kraft Heinz were worth $2,111,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of KHC. Versant Capital Management Inc grew its holdings in Kraft Heinz by 493.4% in the first quarter. Versant Capital Management Inc now owns 12,354 shares of the company’s stock worth $376,000 after purchasing an additional 10,272 shares during the period. D.A. Davidson & CO. grew its holdings in Kraft Heinz by 7.8% in the first quarter. D.A. Davidson & CO. now owns 90,252 shares of the company’s stock worth $2,746,000 after purchasing an additional 6,551 shares during the period. Bank of New York Mellon Corp grew its holdings in Kraft Heinz by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 8,171,720 shares of the company’s stock worth $248,665,000 after purchasing an additional 103,548 shares during the period. GAMMA Investing LLC grew its holdings in Kraft Heinz by 28.1% in the first quarter. GAMMA Investing LLC now owns 15,794 shares of the company’s stock worth $481,000 after purchasing an additional 3,468 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Kraft Heinz by 58.3% in the first quarter. Farther Finance Advisors LLC now owns 22,111 shares of the company’s stock worth $671,000 after purchasing an additional 8,144 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Stifel Nicolaus decreased their target price on shares of Kraft Heinz from $31.00 to $30.00 and set a “hold” rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group raised shares of Kraft Heinz from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, June 25th. DZ Bank downgraded shares of Kraft Heinz from a “buy” rating to a “hold” rating and set a $31.00 target price for the company. in a research report on Friday, May 9th. UBS Group boosted their target price on shares of Kraft Heinz from $29.00 to $30.00 and gave the stock a “neutral” rating in a research report on Thursday, July 31st. Finally, Sanford C. Bernstein downgraded shares of Kraft Heinz from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $34.00 to $31.00 in a research report on Tuesday, April 22nd. Three research analysts have rated the stock with a sell rating and seventeen have given a hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $30.35.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $27.67 on Monday. The firm has a market cap of $32.75 billion, a price-to-earnings ratio of -6.16, a P/E/G ratio of 3.22 and a beta of 0.23. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.66 and a current ratio of 1.07. Kraft Heinz Company has a 52 week low of $25.44 and a 52 week high of $36.53. The firm’s 50-day simple moving average is $27.02 and its two-hundred day simple moving average is $28.38.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.26 billion. Kraft Heinz had a negative net margin of 20.83% and a positive return on equity of 7.40%. The company’s revenue for the quarter was down 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.78 earnings per share. As a group, equities analysts forecast that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 26th. Shareholders of record on Friday, August 29th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $1.60 annualized dividend and a yield of 5.8%. Kraft Heinz’s payout ratio is currently -35.63%.

Insider Buying and Selling

In other Kraft Heinz news, Director Elio Leoni Sceti sold 25,000 shares of Kraft Heinz stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $27.91, for a total value of $697,750.00. Following the sale, the director owned 40,000 shares of the company’s stock, valued at approximately $1,116,400. The trade was a 38.46% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.35% of the company’s stock.

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.