Emerging Sovereign Group Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Emerging Sovereign Group reduced its stake in Kraft Heinz Co by 24.43% during the most recent quarter end. The investment management company now holds a total of 1,207,581 shares of Kraft Heinz Co which is valued at $102.8 Million after selling 390,400 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on May 13, 2016.Kraft Heinz Co makes up approximately 6.34% of Emerging Sovereign Group’s portfolio.

Other Hedge Funds, Including , Cetera Advisors boosted its stake in KHC in the latest quarter, The investment management firm added 3,197 additional shares and now holds a total of 11,056 shares of Kraft Heinz Co which is valued at $941,197. Kraft Heinz Co makes up approx 0.08% of Cetera Advisors’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in KHC in the latest quarter, The investment management firm added 5,276 additional shares and now holds a total of 44,124 shares of Kraft Heinz Co which is valued at $3.8 Million. Kraft Heinz Co makes up approx 0.08% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.Vantage Investment Partners boosted its stake in KHC in the latest quarter, The investment management firm added 245 additional shares and now holds a total of 104,134 shares of Kraft Heinz Co which is valued at $8.7 Million. Kraft Heinz Co makes up approx 1.03% of Vantage Investment Partners’s portfolio.Public Employees Retirement Association Of Colorado boosted its stake in KHC in the latest quarter, The investment management firm added 552 additional shares and now holds a total of 134,000 shares of Kraft Heinz Co which is valued at $10.5 Million. Kraft Heinz Co makes up approx 0.09% of Public Employees Retirement Association Of Colorado’s portfolio.Strategy Asset Managers boosted its stake in KHC in the latest quarter, The investment management firm added 50 additional shares and now holds a total of 2,965 shares of Kraft Heinz Co which is valued at $231,478. Kraft Heinz Co makes up approx 0.05% of Strategy Asset Managers’s portfolio.

Kraft Heinz Co opened for trading at $83.56 and hit $84.78 on the upside on Wednesday, eventually ending the session at $84.27, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 27,01,475 shares. Company has a market cap of $102,469 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.

Leave a Reply

Kraft Heinz Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Kraft Heinz Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.