Community Bank of Raymore Sells 27,615 Shares of Kraft Heinz Company $KHC

Community Bank of Raymore lowered its position in shares of Kraft Heinz Company (NASDAQ:KHC) by 24.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 85,076 shares of the company’s stock after selling 27,615 shares during the period. Kraft Heinz comprises about 1.5% of Community Bank of Raymore’s portfolio, making the stock its 21st biggest position. Community Bank of Raymore’s holdings in Kraft Heinz were worth $2,215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of KHC. Rakuten Securities Inc. boosted its stake in shares of Kraft Heinz by 172.4% during the second quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after purchasing an additional 788 shares in the last quarter. Cape Investment Advisory Inc. raised its holdings in Kraft Heinz by 164.7% in the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after buying an additional 807 shares during the last quarter. Mid American Wealth Advisory Group Inc. acquired a new stake in Kraft Heinz during the 2nd quarter worth approximately $39,000. Banque Transatlantique SA bought a new stake in Kraft Heinz during the 1st quarter worth approximately $40,000. Finally, Hilltop National Bank acquired a new position in Kraft Heinz in the 2nd quarter valued at approximately $41,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

Kraft Heinz Stock Down 1.0%

Shares of NASDAQ:KHC opened at $24.51 on Monday. Kraft Heinz Company has a 1 year low of $23.70 and a 1 year high of $33.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. The business’s 50-day moving average is $24.89 and its 200-day moving average is $26.13. The company has a market capitalization of $29.01 billion, a price-to-earnings ratio of -6.57 and a beta of 0.09.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $6.39 billion during the quarter. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 17.35%. Equities research analysts predict that Kraft Heinz Company will post 2.68 earnings per share for the current year.

Kraft Heinz Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Investors of record on Friday, November 28th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, November 28th. Kraft Heinz’s payout ratio is presently -42.90%.

Analyst Ratings Changes

A number of brokerages have recently commented on KHC. Jefferies Financial Group reiterated a “hold” rating on shares of Kraft Heinz in a report on Tuesday, December 16th. HSBC cut their target price on Kraft Heinz from $29.00 to $27.00 in a report on Thursday, October 30th. Barclays decreased their price target on Kraft Heinz from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. reduced their target price on Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $26.63.

Insider Transactions at Kraft Heinz

In other Kraft Heinz news, insider Miguel Patricio sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The shares were sold at an average price of $24.82, for a total value of $3,102,500.00. Following the completion of the sale, the insider directly owned 686,817 shares in the company, valued at approximately $17,046,797.94. This trade represents a 15.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.35% of the stock is currently owned by corporate insiders.

Kraft Heinz Profile

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.