Oliver Luxxe Assets adds Kraft Heinz Co (KHC) to its portfolio

Kraft Heinz Co (KHC) : Oliver Luxxe Assets added new position in Kraft Heinz Co during the most recent quarter end. The investment management firm now holds 35,155 shares of Kraft Heinz Co which is valued at $3,148,482 , the company said in a statement filed on Aug 11, 2016 with the SEC.Kraft Heinz Co makes up approximately 2.59% of Oliver Luxxe Assets’s portfolio.

Other Hedge Funds, Including , Tredje Ap-fonden reduced its stake in KHC by selling 467 shares or 0.71% in the most recent quarter. The Hedge Fund company now holds 65,251 shares of KHC which is valued at $5,843,880. Kraft Heinz Co makes up approx 0.24% of Tredje Ap-fonden’s portfolio.Montag A Associates Inc boosted its stake in KHC in the latest quarter, The investment management firm added 220 additional shares and now holds a total of 13,408 shares of Kraft Heinz Co which is valued at $1,138,339. Kraft Heinz Co makes up approx 0.15% of Montag A Associates Inc’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.Sumitomo Life Insurance Co reduced its stake in KHC by selling 732 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 20,820 shares of KHC which is valued at $1,855,062. Kraft Heinz Co makes up approx 0.25% of Sumitomo Life Insurance Co’s portfolio.

Kraft Heinz Co closed down -0.5 points or -0.56% at $89.47 with 20,20,041 shares getting traded on Tuesday. Post opening the session at $90.25, the shares hit an intraday low of $89.3472 and an intraday high of $90.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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