Venturi Wealth Management buys $6.2 Million stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Venturi Wealth Management scooped up 11,458 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 12, 2016. The investment management firm now holds a total of 72,816 shares of Kraft Heinz Co which is valued at $6.2 Million.Kraft Heinz Co makes up approximately 2.31% of Venturi Wealth Management’s portfolio.

Other Hedge Funds, Including , Korea Investment Corp sold out all of its stake in KHC during the most recent quarter. The investment firm sold 180,300 shares of KHC which is valued $15.3 Million.Financial Counselors Inc reduced its stake in KHC by selling 1,884 shares or 3.36% in the most recent quarter. The Hedge Fund company now holds 54,219 shares of KHC which is valued at $4.6 Million. Kraft Heinz Co makes up approx 0.29% of Financial Counselors Inc’s portfolio. Wall Street Access Asset Management added KHC to its portfolio by purchasing 25 company shares during the most recent quarter which is valued at $2,100.Schulhoff Co Inc boosted its stake in KHC in the latest quarter, The investment management firm added 2 additional shares and now holds a total of 12,530 shares of Kraft Heinz Co which is valued at $978,217. Kraft Heinz Co makes up approx 0.64% of Schulhoff Co Inc’s portfolio.Tirschwell Loewy Inc reduced its stake in KHC by selling 1,505 shares or 7.85% in the most recent quarter. The Hedge Fund company now holds 17,675 shares of KHC which is valued at $1.4 Million. Kraft Heinz Co makes up approx 0.24% of Tirschwell Loewy Inc’s portfolio.

Kraft Heinz Co closed down -0.58 points or -0.70% at $82.42 with 27,20,117 shares getting traded on Friday. Post opening the session at $82.4, the shares hit an intraday low of $81.82 and an intraday high of $82.86 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.

Investors should note that on May 4, 2016, Kraft Heinz Co announced a cash dividend of $0.5750. The company’s management has announced May 25, 2016 as the ex-dividend date and fixed the record date on May 27, 2016. The payable date has been fixed on Jul 8, 2016.

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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