Community Bank & Trust Waco Texas Raises Stock Holdings in The Kraft Heinz Company (NASDAQ:KHC)

Community Bank & Trust Waco Texas raised its position in The Kraft Heinz Company (NASDAQ:KHC) by 18.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 23,296 shares of the company’s stock after purchasing an additional 3,604 shares during the period. Community Bank & Trust Waco Texas’ holdings in Kraft Heinz were worth $861,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KHC. OFI Invest Asset Management acquired a new position in shares of Kraft Heinz in the third quarter valued at approximately $26,000. Riverview Trust Co acquired a new position in Kraft Heinz during the third quarter worth $27,000. Turtle Creek Wealth Advisors LLC acquired a new position in Kraft Heinz during the fourth quarter worth $32,000. BKM Wealth Management LLC acquired a new position in Kraft Heinz during the fourth quarter worth $33,000. Finally, Headinvest LLC acquired a new position in Kraft Heinz during the third quarter worth $38,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Bank of America upped their price objective on Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft upped their price objective on Kraft Heinz from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Citigroup started coverage on Kraft Heinz in a research report on Thursday, February 1st. They issued a “buy” rating and a $43.00 price objective on the stock. Finally, Wells Fargo & Company reduced their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 15th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.57.

Kraft Heinz Stock Up 1.1 %

Shares of KHC stock traded up $0.41 during trading hours on Wednesday, reaching $38.48. The company had a trading volume of 2,051,661 shares, compared to its average volume of 8,012,960. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.99. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47. The company has a market capitalization of $46.78 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 3.01 and a beta of 0.67. The stock’s fifty day simple moving average is $35.98 and its 200 day simple moving average is $35.48.

Kraft Heinz (NASDAQ:KHC) last posted its earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business had revenue of $6.86 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter last year, the firm earned $0.85 earnings per share. The company’s revenue for the quarter was down 7.1% compared to the same quarter last year. As a group, sell-side analysts expect that The Kraft Heinz Company will post 3.02 earnings per share for the current fiscal year.

Kraft Heinz Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 8th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Thursday, March 7th. Kraft Heinz’s dividend payout ratio is presently 69.26%.

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.