First American Trust Fsb adds Kraft Heinz Co (KHC) to its portfolio

Kraft Heinz Co (KHC) : First American Trust Fsb added new position in Kraft Heinz Co during the most recent quarter end. The investment management firm now holds 42,565 shares of Kraft Heinz Co which is valued at $3,824,465 , the company said in a statement filed on Jul 6, 2016 with the SEC.Kraft Heinz Co makes up approximately 1.33% of First American Trust Fsb’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in KHC by selling 397 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 23,170 shares of KHC which is valued at $2,056,106. Kraft Heinz Co makes up approx 0.27% of Stock Yards Bank Trust Co’s portfolio.Integrated Investment Consultants boosted its stake in KHC in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 2,278 shares of Kraft Heinz Co which is valued at $202,150. Kraft Heinz Co makes up approx 0.11% of Integrated Investment Consultants’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in KHC by selling 55 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 3,231 shares of KHC which is valued at $286,719. Kraft Heinz Co makes up approx 0.06% of First Financial Bank N.a. – Trust Division’s portfolio.Toth Financial Advisory Corp boosted its stake in KHC in the latest quarter, The investment management firm added 11,359 additional shares and now holds a total of 15,684 shares of Kraft Heinz Co which is valued at $1,383,956. Kraft Heinz Co makes up approx 0.42% of Toth Financial Advisory Corp’s portfolio.

Kraft Heinz Co closed down -0.01 points or -0.01% at $89.84 with 28,60,458 shares getting traded on Monday. Post opening the session at $89.93, the shares hit an intraday low of $89.31 and an intraday high of $90.15 and the price fluctuated in this range throughout the day.Shares ended Monday 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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