Bridgewater Wealth Financial Management Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Bridgewater Wealth Financial Management reduced its stake in Kraft Heinz Co by 0.66% during the most recent quarter end. The investment management company now holds a total of 93,478 shares of Kraft Heinz Co which is valued at $7,936,282 after selling 624 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Kraft Heinz Co makes up approximately 2.81% of Bridgewater Wealth Financial Management’s portfolio.

Other Hedge Funds, Including , Everett Harris Co Ca reduced its stake in KHC by selling 6,228 shares or 72.07% in the most recent quarter. The Hedge Fund company now holds 2,414 shares of KHC which is valued at $204,949. Kraft Heinz Co makes up approx 0.01% of Everett Harris Co Ca’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.First National Bank Of Omaha boosted its stake in KHC in the latest quarter, The investment management firm added 4,948 additional shares and now holds a total of 134,522 shares of Kraft Heinz Co which is valued at $11,860,805. Kraft Heinz Co makes up approx 0.89% of First National Bank Of Omaha’s portfolio.Leavell Investment Management reduced its stake in KHC by selling 683 shares or 1.84% in the most recent quarter. The Hedge Fund company now holds 36,469 shares of KHC which is valued at $3,215,472. Kraft Heinz Co makes up approx 0.46% of Leavell Investment Management’s portfolio.Gateway Investment Advisers reduced its stake in KHC by selling 65 shares or 0.02% in the most recent quarter. The Hedge Fund company now holds 384,500 shares of KHC which is valued at $34,228,190. Kraft Heinz Co makes up approx 0.29% of Gateway Investment Advisers’s portfolio.

Kraft Heinz Co closed down -0.04 points or -0.05% at $88.75 with 24,27,983 shares getting traded on Monday. Post opening the session at $88.71, the shares hit an intraday low of $87.59 and an intraday high of $88.79 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 $0.85 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 Upgraded by Deutsche Bank on Aug 5, 2016 to ” Buy”, Firm has raised the Price Target to $ 103 from a previous price target of $85 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 96 from a previous price target of $92 .

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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