Community Bank & Trust Waco Texas Has $1,043,000 Stake in Kraft Heinz Co. (KHC)
Community Bank & Trust Waco Texas held its stake in Kraft Heinz Co. (NASDAQ:KHC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,786 shares of the company’s stock at the end of the second quarter. Community Bank & Trust Waco Texas’ holdings in Kraft Heinz were worth $1,043,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in KHC. Balentine LLC raised its stake in shares of Kraft Heinz by 43.3% in the first quarter. Balentine LLC now owns 1,605 shares of the company’s stock worth $126,000 after buying an additional 485 shares in the last quarter. Iowa State Bank bought a new stake in shares of Kraft Heinz during the second quarter worth approximately $129,000. Vigilant Capital Management LLC raised its stake in shares of Kraft Heinz by 7.1% in the second quarter. Vigilant Capital Management LLC now owns 1,756 shares of the company’s stock worth $155,000 after buying an additional 116 shares in the last quarter. Sadoff Investment Management LLC bought a new stake in shares of Kraft Heinz during the second quarter worth approximately $201,000. Finally, Bristlecone Advisors LLC bought a new stake in shares of Kraft Heinz during the first quarter worth approximately $202,000. Institutional investors and hedge funds own 61.30% of the company’s stock.
Kraft Heinz Co. (NASDAQ:KHC) traded up 1.06% during trading on Friday, hitting $89.51. 2,475,755 shares of the stock traded hands. The stock has a market cap of $108.99 billion, a P/E ratio of 65.62 and a beta of 0.47. The stock has a 50 day moving average price of $88.85 and a 200-day moving average price of $84.62. Kraft Heinz Co. has a 52-week low of $68.18 and a 52-week high of $90.54.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.14. Kraft Heinz had a net margin of 6.87% and a return on equity of 5.78%. The company had revenue of $6.79 billion for the quarter, compared to the consensus estimate of $4.70 billion. During the same quarter in the prior year, the company earned $0.92 EPS. Kraft Heinz’s quarterly revenue was up 159.7% on a year-over-year basis. On average, analysts anticipate that Kraft Heinz Co. will post $3.24 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 7th. Investors of record on Friday, August 26th will be issued a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.68%. The ex-dividend date of this dividend is Wednesday, August 24th. This is an increase from Kraft Heinz’s previous quarterly dividend of $0.58. Kraft Heinz’s dividend payout ratio is 181.82%.
KHC has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Wednesday, June 29th. Morgan Stanley set a $97.00 price target on shares of Kraft Heinz and gave the stock a “buy” rating in a research note on Friday, August 5th. Vetr upgraded shares of Kraft Heinz from a “sell” rating to a “buy” rating and set a $93.36 price target for the company in a research note on Monday, July 11th. Deutsche Bank AG upgraded shares of Kraft Heinz from a “hold” rating to a “buy” rating and lifted their price target for the stock from $85.00 to $103.00 in a research note on Friday, August 5th. Finally, Susquehanna restated a “buy” rating and set a $98.00 target price on shares of Kraft Heinz in a research report on Sunday, July 17th. Two analysts have rated the stock with a sell rating and fourteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $99.17.
In related news, major shareholder Global Food Holdings Lp 3G sold 2,808,371 shares of the stock in a transaction that occurred on Tuesday, September 20th. The shares were sold at an average price of $87.05, for a total value of $244,468,695.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 26.92% of the stock is currently owned by corporate insiders.
Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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