Farmers Merchants Investments Inc Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Farmers Merchants Investments 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 122,638 shares of Kraft Heinz Co which is valued at $10,812,992 after selling 2,540 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Jul 18, 2016.Kraft Heinz Co makes up approximately 1.17% of Farmers Merchants Investments Inc’s portfolio.

Other Hedge Funds, Including , Vigilant Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 1,756 shares of Kraft Heinz Co which is valued at $154,827. Kraft Heinz Co makes up approx 0.03% of Vigilant Capital Management’s portfolio.Trust Co Of Virginia Va reduced its stake in KHC by selling 20 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 4,896 shares of KHC which is valued at $436,234. Kraft Heinz Co makes up approx 0.07% of Trust Co Of Virginia Va’s portfolio. Capital Analysts sold out all of its stake in KHC during the most recent quarter. The investment firm sold 53 shares of KHC which is valued $4,722.Next Financial Group Inc boosted its stake in KHC in the latest quarter, The investment management firm added 336 additional shares and now holds a total of 15,068 shares of Kraft Heinz Co which is valued at $1,353,860. Kraft Heinz Co makes up approx 0.42% of Next Financial Group Inc’s portfolio.

Kraft Heinz Co closed down -0.8 points or -0.90% at $88.17 with 22,29,505 shares getting traded on Wednesday. Post opening the session at $88.87, the shares hit an intraday low of $87.94 and an intraday high of $88.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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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