The Kraft Heinz Company (NASDAQ:KHC) is Community Bank of Raymore’s 10th Largest Position

Community Bank of Raymore reduced its holdings in shares of The Kraft Heinz Company (NASDAQ:KHC) by 2.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 119,736 shares of the company’s stock after selling 3,515 shares during the quarter. Kraft Heinz accounts for about 2.9% of Community Bank of Raymore’s investment portfolio, making the stock its 10th largest holding. Community Bank of Raymore’s holdings in Kraft Heinz were worth $3,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KHC. Mercer Global Advisors Inc. ADV boosted its stake in shares of Kraft Heinz by 6.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 59,555 shares of the company’s stock valued at $1,919,000 after buying an additional 3,583 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of Kraft Heinz by 24.0% during the 2nd quarter. Intech Investment Management LLC now owns 198,300 shares of the company’s stock valued at $6,389,000 after buying an additional 38,365 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in shares of Kraft Heinz by 1.4% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 121,755 shares of the company’s stock valued at $3,923,000 after buying an additional 1,674 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Kraft Heinz by 6.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,893,968 shares of the company’s stock valued at $61,024,000 after buying an additional 119,200 shares during the last quarter. Finally, AE Wealth Management LLC boosted its stake in shares of Kraft Heinz by 29.1% during the 2nd quarter. AE Wealth Management LLC now owns 90,265 shares of the company’s stock valued at $2,908,000 after buying an additional 20,365 shares during the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Pedro F. P. Navio sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of $33.45, for a total transaction of $1,505,250.00. Following the completion of the transaction, the executive vice president now owns 168,195 shares of the company’s stock, valued at $5,626,122.75. This trade represents a 21.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on KHC shares. TD Cowen reduced their target price on Kraft Heinz from $34.00 to $32.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft lowered Kraft Heinz from a “buy” rating to a “hold” rating and dropped their price target for the company from $39.00 to $35.00 in a research report on Thursday, October 31st. Barclays dropped their price target on Kraft Heinz from $36.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price target on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. Finally, Piper Sandler reissued a “neutral” rating and set a $35.00 price target (down from $40.00) on shares of Kraft Heinz in a research report on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $35.23.

Kraft Heinz Price Performance

Shares of KHC opened at $29.27 on Monday. The firm has a market capitalization of $35.39 billion, a price-to-earnings ratio of 26.37, a price-to-earnings-growth ratio of 3.29 and a beta of 0.48. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.56 and a current ratio of 1.06. The Kraft Heinz Company has a one year low of $28.37 and a one year high of $38.96. The stock’s fifty day moving average is $30.80 and its 200-day moving average is $33.21.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, October 30th. The company reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. The company had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.42 billion. Kraft Heinz had a return on equity of 7.46% and a net margin of 5.24%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.72 earnings per share. Equities analysts anticipate that The Kraft Heinz Company will post 3 EPS for the current year.

Kraft Heinz Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, November 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend was Friday, November 29th. Kraft Heinz’s dividend payout ratio (DPR) is 144.14%.

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.