Kraft Heinz Co (KHC) : Albion Financial Group Ut reduced its stake in Kraft Heinz Co by 2.5% during the most recent quarter end. The investment management company now holds a total of 49,753 shares of Kraft Heinz Co which is valued at $3,885,709 after selling 1,277 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Kraft Heinz Co makes up approximately 0.64% of Albion Financial Group Ut’s portfolio.
Kraft Heinz Co opened for trading at $79.22 and hit $79.5 on the upside on Wednesday, eventually ending the session at $79.1, with a gain of 0.51% or 0.4 points. The heightened volatility saw the trading volume jump to 22,49,598 shares. Company has a market cap of $96,121 M.
Other Hedge Funds, Including , Marathon Asset Management Llp added KHC to its portfolio by purchasing 57,686 company shares during the most recent quarter which is valued at $4,505,277. Kraft Heinz Co makes up approx 0.10% of Marathon Asset Management Llp’s portfolio.Carroll Financial Associates reduced its stake in KHC by selling 987 shares or 13.43% in the most recent quarter. The Hedge Fund company now holds 6,363 shares of KHC which is valued at $496,950. Kraft Heinz Co makes up approx 0.09% of Carroll Financial Associates’s portfolio.Taylor Wealth Management Partners boosted its stake in KHC in the latest quarter, The investment management firm added 250 additional shares and now holds a total of 450 shares of Kraft Heinz Co which is valued at $35,123. Kraft Heinz Co makes up approx 0.02% of Taylor Wealth Management Partners’s portfolio.Eqis Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 2,897 additional shares and now holds a total of 9,853 shares of Kraft Heinz Co which is valued at $767,647. Kraft Heinz Co makes up approx 0.05% of Eqis Capital Management’s portfolio.
On the company’s financial health, Kraft Heinz Co reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.57. The company had revenue of $7124.00 million for the quarter, compared to analysts expectations of $7004.03 million. The company’s revenue was down -5.0 % compared to the same quarter last year.
Many Wall Street Analysts have commented on Kraft Heinz Co. Kraft Heinz Co was Upgraded by JP Morgan to ” Overweight” on Feb 26, 2016.
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.