Community Bank of Raymore Grows Stake in Kraft Heinz Co (NASDAQ:KHC)

Community Bank of Raymore grew its position in shares of Kraft Heinz Co (NASDAQ:KHC) by 174.6% in the third quarter, Holdings Channel reports. The firm owned 144,051 shares of the company’s stock after purchasing an additional 91,590 shares during the period. Kraft Heinz comprises approximately 1.6% of Community Bank of Raymore’s holdings, making the stock its 18th biggest position. Community Bank of Raymore’s holdings in Kraft Heinz were worth $4,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. purchased a new position in Kraft Heinz in the second quarter worth $254,000. Icon Wealth Partners LLC grew its position in Kraft Heinz by 45.3% in the second quarter. Icon Wealth Partners LLC now owns 7,686 shares of the company’s stock worth $239,000 after acquiring an additional 2,397 shares in the last quarter. Hi Line Capital Management LLC purchased a new position in Kraft Heinz in the second quarter worth $2,209,000. BB&T Securities LLC grew its position in Kraft Heinz by 14.2% in the second quarter. BB&T Securities LLC now owns 97,417 shares of the company’s stock worth $3,023,000 after acquiring an additional 12,139 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Kraft Heinz by 8.1% in the second quarter. Nisa Investment Advisors LLC now owns 212,638 shares of the company’s stock worth $6,600,000 after acquiring an additional 15,978 shares in the last quarter. Hedge funds and other institutional investors own 56.67% of the company’s stock.

KHC has been the subject of several analyst reports. ValuEngine upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BMO Capital Markets upped their price target on shares of Kraft Heinz to $37.00 and gave the company a “market perform” rating in a research report on Friday, November 1st. Credit Suisse Group set a $26.00 price target on shares of Kraft Heinz and gave the company a “sell” rating in a research report on Friday, August 9th. Wells Fargo & Co restated a “hold” rating on shares of Kraft Heinz in a research report on Tuesday, September 3rd. Finally, Piper Jaffray Companies set a $33.00 price target on shares of Kraft Heinz and gave the company a “hold” rating in a research report on Friday, November 1st. Four investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and two have issued a buy rating to the stock. Kraft Heinz currently has an average rating of “Hold” and an average target price of $34.26.

Shares of KHC stock opened at $32.85 on Friday. Kraft Heinz Co has a one year low of $24.86 and a one year high of $54.87. The company’s fifty day moving average price is $28.58 and its 200-day moving average price is $29.56. The company has a market capitalization of $40.19 billion, a price-to-earnings ratio of 9.31, a PEG ratio of 2.63 and a beta of 0.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.00 and a quick ratio of 0.65.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. Kraft Heinz had a negative net margin of 42.85% and a positive return on equity of 6.23%. The company had revenue of $6.08 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter last year, the business posted $0.78 EPS. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. Equities research analysts expect that Kraft Heinz Co will post 2.78 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Stockholders of record on Friday, November 15th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.60 annualized dividend and a dividend yield of 4.87%. Kraft Heinz’s dividend payout ratio is currently 45.33%.

In related news, Director Jorge P. Lemann bought 3,496,503 shares of the company’s stock in a transaction on Monday, September 16th. The shares were bought at an average price of $28.60 per share, with a total value of $99,999,985.80. Following the transaction, the director now owns 3,516,449 shares in the company, valued at $100,570,441.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $28.44, for a total transaction of $712,952,605.08. The disclosure for this sale can be found here. Insiders own 0.29% of the company’s stock.

Kraft Heinz Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Institutional Ownership by Quarter for Kraft Heinz (NASDAQ:KHC)

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