M. Kraus Co Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : M. Kraus Co reduced its stake in Kraft Heinz Co by 5.51% during the most recent quarter end. The investment management company now holds a total of 52,592 shares of Kraft Heinz Co which is valued at $4,104,806 after selling 3,068 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Apr 15, 2016.Kraft Heinz Co makes up approximately 2.82% of M. Kraus Co’s portfolio.

Kraft Heinz Co closed down -1.18 points or -1.51% at $76.74 with 21,10,736 shares getting traded on Wednesday. Post opening the session at $77.79, the shares hit an intraday low of $76.6408 and an intraday high of $77.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Other Hedge Funds, Including , Lowe Fs sold out all of its stake in KHC during the most recent quarter. The investment firm sold 50 shares of KHC which is valued $3,903.Kistler-tiffany Companies reduced its stake in KHC by selling 856 shares or 20.49% in the most recent quarter. The Hedge Fund company now holds 3,322 shares of KHC which is valued at $258,817. Kraft Heinz Co makes up approx 0.15% of Kistler-tiffany Companies’s portfolio.

On the company’s financial health, Kraft Heinz Co reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.57. The company had revenue of $7124.00 million for the quarter, compared to analysts expectations of $7004.03 million. The company’s revenue was down -5.0 % compared to the same quarter last year.

Many Wall Street Analysts have commented on Kraft Heinz Co. Kraft Heinz Co was Upgraded by JP Morgan to ” Overweight” on Feb 26, 2016. Kraft Heinz Co was Upgraded by Susquehanna to ” Positive” on Jan 21, 2016.

The Kraft Heinz Company formerly H.J. Heinz Holding Corporation is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Company’s brands include Kraft Heinz ABC Capri Sun Classico Jell-O Kool-Aid Lunchables Maxwell House Ore-Ida Oscar Mayer Philadelphia Planters Plasmon Quero Weight Watchers Smart Ones and Velveeta.

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