Community Bank & Trust Waco Texas Buys 4,739 Shares of The Kraft Heinz Company (NASDAQ:KHC)

Community Bank & Trust Waco Texas raised its stake in The Kraft Heinz Company (NASDAQ:KHC) by 7.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,374 shares of the company’s stock after acquiring an additional 4,739 shares during the period. Community Bank & Trust Waco Texas’ holdings in Kraft Heinz were worth $2,069,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Trust Co. of Vermont grew its holdings in shares of Kraft Heinz by 3.6% during the third quarter. Trust Co. of Vermont now owns 10,388 shares of the company’s stock worth $365,000 after purchasing an additional 358 shares during the last quarter. Winch Advisory Services LLC grew its holdings in shares of Kraft Heinz by 20.1% during the fourth quarter. Winch Advisory Services LLC now owns 2,274 shares of the company’s stock worth $70,000 after purchasing an additional 380 shares during the last quarter. Pinnacle Financial Partners Inc grew its holdings in shares of Kraft Heinz by 4.2% during the third quarter. Pinnacle Financial Partners Inc now owns 9,560 shares of the company’s stock worth $336,000 after purchasing an additional 381 shares during the last quarter. Smith Thornton Advisors LLC grew its holdings in shares of Kraft Heinz by 2.1% during the third quarter. Smith Thornton Advisors LLC now owns 20,718 shares of the company’s stock worth $727,000 after purchasing an additional 435 shares during the last quarter. Finally, Thomasville National Bank boosted its holdings in Kraft Heinz by 1.2% in the third quarter. Thomasville National Bank now owns 40,868 shares of the company’s stock valued at $1,435,000 after acquiring an additional 481 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Stock Performance

Shares of NASDAQ KHC opened at $28.96 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The Kraft Heinz Company has a 12 month low of $28.31 and a 12 month high of $38.96. The stock has a 50 day moving average of $30.11 and a 200-day moving average of $32.88. The company has a market capitalization of $35.02 billion, a P/E ratio of 26.09, a P/E/G ratio of 3.74 and a beta of 0.47.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wells Fargo & Company decreased their price target on Kraft Heinz from $35.00 to $31.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 7th. The Goldman Sachs Group cut their target price on Kraft Heinz from $34.00 to $32.00 and set a “sell” rating on the stock in a research note on Thursday, October 31st. Piper Sandler reissued a “neutral” rating and issued a $35.00 target price (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Citigroup cut their target price on Kraft Heinz from $39.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, January 31st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $33.36.

Kraft Heinz Company 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.