Integrated Wealth Management Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Integrated Wealth Management reduced its stake in Kraft Heinz Co by 0.14% during the most recent quarter end. The investment management company now holds a total of 14,030 shares of Kraft Heinz Co which is valued at $1,191,147 after selling 20 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Kraft Heinz Co makes up approximately 0.45% of Integrated Wealth Management’s portfolio.

Other Hedge Funds, Including , Wright Investors Service Inc boosted its stake in KHC in the latest quarter, The investment management firm added 77 additional shares and now holds a total of 2,682 shares of Kraft Heinz Co which is valued at $227,702. Kraft Heinz Co makes up approx 0.09% of Wright Investors Service Inc’s portfolio.Parthenon reduced its stake in KHC by selling 91 shares or 0.1% in the most recent quarter. The Hedge Fund company now holds 89,446 shares of KHC which is valued at $7,659,261. Kraft Heinz Co makes up approx 1.89% of Parthenon’s portfolio.Daiwa Securities Group boosted its stake in KHC in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 14,703 shares of Kraft Heinz Co which is valued at $1,259,018. Kraft Heinz Co makes up approx 0.01% of Daiwa Securities Group’s portfolio.Chesley Taft Associates boosted its stake in KHC in the latest quarter, The investment management firm added 892 additional shares and now holds a total of 140,232 shares of Kraft Heinz Co which is valued at $12,362,853. Kraft Heinz Co makes up approx 1.23% of Chesley Taft Associates’s portfolio.Pecaut reduced its stake in KHC by selling 2,500 shares or 19.3% in the most recent quarter. The Hedge Fund company now holds 10,453 shares of KHC which is valued at $930,526. Kraft Heinz Co makes up approx 0.94% of Pecaut’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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