Agf Investments America adds Kraft Heinz Co (KHC) to its portfolio

Kraft Heinz Co (KHC) : Agf Investments America added new position in Kraft Heinz Co during the most recent quarter end. The investment management firm now holds 14,490 shares of Kraft Heinz Co which is valued at $1,230,201 , the company said in a statement filed on Aug 1, 2016 with the SEC.Kraft Heinz Co makes up approximately 0.53% of Agf Investments America’s portfolio.

Other Hedge Funds, Including , Welch Group reduced its stake in KHC by selling 2,833 shares or 27.22% in the most recent quarter. The Hedge Fund company now holds 7,573 shares of KHC which is valued at $654,231. Kraft Heinz Co makes up approx 0.13% of Welch Group’s portfolio.Northwest Investment Counselors reduced its stake in KHC by selling 396 shares or 5.61% in the most recent quarter. The Hedge Fund company now holds 6,662 shares of KHC which is valued at $587,322. Kraft Heinz Co makes up approx 0.31% of Northwest Investment Counselors’s portfolio.Bollard Group boosted its stake in KHC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 123 shares of Kraft Heinz Co which is valued at $10,844.Atria Investments boosted its stake in KHC in the latest quarter, The investment management firm added 257 additional shares and now holds a total of 5,049 shares of Kraft Heinz Co which is valued at $449,462. Kraft Heinz Co makes up approx 0.05% of Atria Investments’s portfolio.

Kraft Heinz Co opened for trading at $85.13 and hit $85.64 on the upside on Thursday, eventually ending the session at $85.54, with a gain of 0.75% or 0.64 points. The heightened volatility saw the trading volume jump to 32,21,770 shares. Company has a market cap of $104,013 M.

On the company’s financial health, Kraft Heinz Co reported $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.71. The company had revenue of $6793.00 million for the quarter, compared to analysts expectations of $6790.09 million. The company’s revenue was up 159.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 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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