Kraft Heinz Co (KHC) : Appleton Partners Incma scooped up 165 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 57,276 shares of Kraft Heinz Co which is valued at $4,473,256.Kraft Heinz Co makes up approximately 0.87% of Appleton Partners Incma’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 , Nepsis Capital Management reduced its stake in KHC by selling 14,192 shares or 13.29% in the most recent quarter. The Hedge Fund company now holds 92,567 shares of KHC which is valued at $7,229,483. Kraft Heinz Co makes up approx 3.78% of Nepsis Capital Management’s portfolio.Crestpoint Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 6,300 additional shares and now holds a total of 12,400 shares of Kraft Heinz Co which is valued at $967,820. Kraft Heinz Co makes up approx 0.52% of Crestpoint Capital Management’s portfolio.First American Bank reduced its stake in KHC by selling 148 shares or 0.27% in the most recent quarter. The Hedge Fund company now holds 54,328 shares of KHC which is valued at $4,232,694. Kraft Heinz Co makes up approx 0.44% of First American Bank’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.