Cetera Advisor Networks buys $4,644,402 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Cetera Advisor Networks scooped up 2,286 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 10, 2016. The investment management firm now holds a total of 51,858 shares of Kraft Heinz Co which is valued at $4,644,402.Kraft Heinz Co makes up approximately 0.26% of Cetera Advisor Networks’s portfolio.

Other Hedge Funds, Including , Cetera Investment Advisers boosted its stake in KHC in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 13,402 shares of Kraft Heinz Co which is valued at $1,200,283. Kraft Heinz Co makes up approx 0.46% of Cetera Investment Advisers’s portfolio.Neuberger Berman Group reduced its stake in KHC by selling 55,544 shares or 9.02% in the most recent quarter. The Hedge Fund company now holds 560,272 shares of KHC which is valued at $49,746,551. Kraft Heinz Co makes up approx 0.07% of Neuberger Berman Group’s portfolio.Cable Hill Partners boosted its stake in KHC in the latest quarter, The investment management firm added 353 additional shares and now holds a total of 997 shares of Kraft Heinz Co which is valued at $88,524. Kraft Heinz Co makes up approx 0.06% of Cable Hill Partners’s portfolio. Lsv Asset Management added KHC to its portfolio by purchasing 3,300 company shares during the most recent quarter which is valued at $293,007.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.

Kraft Heinz Co opened for trading at $89.6 and hit $90.2 on the upside on Friday, eventually ending the session at $89.92, with a gain of 0.18% or 0.16 points. The heightened volatility saw the trading volume jump to 16,94,926 shares. Company has a market cap of $109,491 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.

Investors should note that on Aug 4, 2016, Kraft Heinz Co announced a cash dividend of $0.6000. The company’s management has announced Aug 24, 2016 as the ex-dividend date and fixed the record date on Aug 26, 2016. The payable date has been fixed on Oct 7, 2016.

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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