Moisand Fitzgerald Tamayo Exits Position in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Moisand Fitzgerald Tamayo has sold out all of its stake in Kraft Heinz Co during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 23 shares of Kraft Heinz Co which is valued at $1,953.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in KHC by selling 79,200 shares or 5.46% in the most recent quarter. The Hedge Fund company now holds 1,370,500 shares of KHC which is valued at $116,355,450. Kraft Heinz Co makes up approx 0.18% of California Public Employees Retirement System’s portfolio.Kanawha Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 5,826 shares of Kraft Heinz Co which is valued at $503,308. Kraft Heinz Co makes up approx 0.08% of Kanawha Capital Management’s portfolio.Loeb Partners Corp reduced its stake in KHC by selling 700 shares or 0.57% in the most recent quarter. The Hedge Fund company now holds 121,350 shares of KHC which is valued at $10,698,216. Kraft Heinz Co makes up approx 3.47% of Loeb Partners Corp’s portfolio.First Manhattan Co boosted its stake in KHC in the latest quarter, The investment management firm added 177,582 additional shares and now holds a total of 554,037 shares of Kraft Heinz Co which is valued at $49,364,697. Kraft Heinz Co makes up approx 0.30% of First Manhattan Co’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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