Cypress Asset Management Inctx Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Cypress Asset Management Inctx reduced its stake in Kraft Heinz Co by 0.61% during the most recent quarter end. The investment management company now holds a total of 88,440 shares of Kraft Heinz Co which is valued at $7,428,960 after selling 544 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on May 3, 2016.Kraft Heinz Co makes up approximately 1.49% of Cypress Asset Management Inctx’s portfolio.

Other Hedge Funds, Including , Bryn Mawr Trust Co boosted its stake in KHC in the latest quarter, The investment management firm added 160 additional shares and now holds a total of 9,818 shares of Kraft Heinz Co which is valued at $824,712. Kraft Heinz Co makes up approx 0.05% of Bryn Mawr Trust Co’s portfolio.Ohio National Investments boosted its stake in KHC in the latest quarter, The investment management firm added 925 additional shares and now holds a total of 44,525 shares of Kraft Heinz Co which is valued at $3,476,067. Kraft Heinz Co makes up approx 0.64% of Ohio National Investments’s portfolio.Mizuho Trust Banking Ltd. boosted its stake in KHC in the latest quarter, The investment management firm added 39,505 additional shares and now holds a total of 944,201 shares of Kraft Heinz Co which is valued at $73,713,772. Kraft Heinz Co makes up approx 0.23% of Mizuho Trust Banking Ltd.’s portfolio.Firstmerit Bank N A Trustee boosted its stake in KHC in the latest quarter, The investment management firm added 4,557 additional shares and now holds a total of 108,662 shares of Kraft Heinz Co which is valued at $8,486,502. Kraft Heinz Co makes up approx 0.69% of Firstmerit Bank N A Trustee’s portfolio.Premier Asset Managment boosted its stake in KHC in the latest quarter, The investment management firm added 425 additional shares and now holds a total of 7,733 shares of Kraft Heinz Co which is valued at $603,947. Kraft Heinz Co makes up approx 0.15% of Premier Asset Managment’s portfolio.

Kraft Heinz Co opened for trading at $84.44 and hit $86.2 on the upside on Tuesday, eventually ending the session at $86.14, with a gain of 2.23% or 1.88 points. The heightened volatility saw the trading volume jump to 35,93,730 shares. Company has a market cap of $104,742 M.

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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