Rathbone Brothers Plc buys $12,640,167 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Rathbone Brothers Plc scooped up 2,101 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 148,883 shares of Kraft Heinz Co which is valued at $12,640,167.Kraft Heinz Co makes up approximately 0.68% of Rathbone Brothers Plc’s portfolio.

Other Hedge Funds, Including , Signalpoint Asset Management added KHC to its portfolio by purchasing 2,553 company shares during the most recent quarter which is valued at $220,554. Kraft Heinz Co makes up approx 0.09% of Signalpoint Asset Management’s portfolio.Bartlett reduced its stake in KHC by selling 32 shares or 0.66% in the most recent quarter. The Hedge Fund company now holds 4,796 shares of KHC which is valued at $410,681. Kraft Heinz Co makes up approx 0.02% of Bartlett’s portfolio.Cape Cod Five Cents Savings Bank boosted its stake in KHC in the latest quarter, The investment management firm added 46 additional shares and now holds a total of 4,572 shares of Kraft Heinz Co which is valued at $406,268. Kraft Heinz Co makes up approx 0.07% of Cape Cod Five Cents Savings Bank’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.

Leave a Reply

Kraft Heinz Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Kraft Heinz Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.