Farmers Merchants Investments Inc buys $10,514,952 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Farmers Merchants Investments Inc scooped up 292 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 125,178 shares of Kraft Heinz Co which is valued at $10,514,952.Kraft Heinz Co makes up approximately 1.22% of Farmers Merchants Investments Inc’s portfolio.

Kraft Heinz Co opened for trading at $82.83 and hit $84.04 on the upside on Friday, eventually ending the session at $84, with a gain of 1.24% or 1.03 points. The heightened volatility saw the trading volume jump to 39,93,622 shares. Company has a market cap of $102,140 M.

Other Hedge Funds, Including , Agf Investments boosted its stake in KHC in the latest quarter, The investment management firm added 37,544 additional shares and now holds a total of 822,315 shares of Kraft Heinz Co which is valued at $69,074,460. Kraft Heinz Co makes up approx 0.82% of Agf Investments’s portfolio.Whitnell reduced its stake in KHC by selling 2,290 shares or 13.73% in the most recent quarter. The Hedge Fund company now holds 14,386 shares of KHC which is valued at $1,123,115. Kraft Heinz Co makes up approx 0.41% of Whitnell’s portfolio. Curian Capital sold out all of its stake in KHC during the most recent quarter. The investment firm sold 56,310 shares of KHC which is valued $4,396,122.

On the company’s financial health, Kraft Heinz Co reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.61. The company had revenue of $6570.00 million for the quarter, compared to analysts expectations of $6463.10 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Kraft Heinz Co. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $85 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $88 .Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $87 .

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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