The Kraft Heinz Company (NASDAQ:KHC) Shares Bought by Community Bank & Trust Waco Texas

Community Bank & Trust Waco Texas grew its position in The Kraft Heinz Company (NASDAQ:KHC) by 18.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,296 shares of the company’s stock after buying an additional 3,604 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Kraft Heinz were worth $861,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund increased its holdings in Kraft Heinz by 10.0% during the 4th quarter. Illinois Municipal Retirement Fund now owns 578,590 shares of the company’s stock worth $21,396,000 after purchasing an additional 52,782 shares during the last quarter. Foster & Motley Inc. lifted its holdings in shares of Kraft Heinz by 14.9% in the fourth quarter. Foster & Motley Inc. now owns 47,330 shares of the company’s stock valued at $1,750,000 after buying an additional 6,129 shares during the period. Duality Advisers LP acquired a new stake in shares of Kraft Heinz in the fourth quarter valued at $694,000. Capital Investment Advisory Services LLC lifted its holdings in shares of Kraft Heinz by 51.0% in the fourth quarter. Capital Investment Advisory Services LLC now owns 12,401 shares of the company’s stock valued at $459,000 after buying an additional 4,187 shares during the period. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Kraft Heinz by 2.2% during the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 26,501 shares of the company’s stock valued at $980,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Kraft Heinz Stock Up 1.1 %

KHC stock traded up $0.41 during trading on Wednesday, reaching $38.48. 2,051,661 shares of the stock were exchanged, compared to its average volume of 8,012,960. The firm’s 50 day moving average is $35.98 and its 200 day moving average is $35.48. The Kraft Heinz Company has a twelve month low of $30.68 and a twelve month high of $41.47. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The firm has a market cap 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.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.77 by $0.01. The firm had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.99 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.85 earnings per share. As a group, research analysts forecast that The Kraft Heinz Company will post 3.02 EPS for the current year.

Kraft Heinz Announces Dividend

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

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.