Carbonado Capital buys $44,693,250 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Carbonado Capital scooped up 225,000 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 9, 2016. The investment management firm now holds a total of 525,000 shares of Kraft Heinz Co which is valued at $44,693,250.Kraft Heinz Co makes up approximately 11.67% of Carbonado Capital’s portfolio.

Other Hedge Funds, Including , Ftb Advisors boosted its stake in KHC in the latest quarter, The investment management firm added 906 additional shares and now holds a total of 7,667 shares of Kraft Heinz Co which is valued at $652,692. Kraft Heinz Co makes up approx 0.07% of Ftb Advisors’s portfolio.Northern Oak Wealth Management Inc boosted its stake in KHC in the latest quarter, The investment management firm added 5,134 additional shares and now holds a total of 77,778 shares of Kraft Heinz Co which is valued at $6,533,352. Kraft Heinz Co makes up approx 1.48% of Northern Oak Wealth Management Inc’s portfolio.Sii Investments Incwi boosted its stake in KHC in the latest quarter, The investment management firm added 2,768 additional shares and now holds a total of 11,557 shares of Kraft Heinz Co which is valued at $902,255. Kraft Heinz Co makes up approx 0.08% of Sii Investments Incwi’s portfolio.Louisiana State Employees Retirement System reduced its stake in KHC by selling 1,800 shares or 4.33% in the most recent quarter. The Hedge Fund company now holds 39,800 shares of KHC which is valued at $3,107,186. Kraft Heinz Co makes up approx 0.16% of Louisiana State Employees Retirement System’s portfolio.

Kraft Heinz Co closed down -1.21 points or -1.40% at $85.13 with 28,57,256 shares getting traded on Friday. Post opening the session at $86.03, the shares hit an intraday low of $84.72 and an intraday high of $86.45 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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