Greenwood Gearhart Inc Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Greenwood Gearhart Inc reduced its stake in Kraft Heinz Co by 2.03% during the most recent quarter end. The investment management company now holds a total of 76,412 shares of Kraft Heinz Co which is valued at $6.5 Million after selling 1,583 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on May 12, 2016.Kraft Heinz Co makes up approximately 2.81% of Greenwood Gearhart Inc’s portfolio.

Other Hedge Funds, Including , Covington Investment Advisors reduced its stake in KHC by selling 1,172 shares or 4.79% in the most recent quarter. The Hedge Fund company now holds 23,285 shares of KHC which is valued at $2 Million. Kraft Heinz Co makes up approx 0.91% of Covington Investment Advisors’s portfolio.Gilman Hill Asset Management reduced its stake in KHC by selling 375 shares or 5.23% in the most recent quarter. The Hedge Fund company now holds 6,799 shares of KHC which is valued at $571,116. Kraft Heinz Co makes up approx 0.25% of Gilman Hill Asset Management’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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