Crossvault Capital Management Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Crossvault Capital Management reduced its stake in Kraft Heinz Co by 2.7% during the most recent quarter end. The investment management company now holds a total of 63,140 shares of Kraft Heinz Co which is valued at $4,931,234 after selling 1,750 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Apr 19, 2016.Kraft Heinz Co makes up approximately 3.58% of Crossvault Capital Management’s portfolio.

Kraft Heinz Co opened for trading at $76.7 and hit $78.15 on the upside on Friday, eventually ending the session at $78.1, with a gain of 1.77% or 1.36 points. The heightened volatility saw the trading volume jump to 24,09,831 shares. Company has a market cap of $94,906 M.

Other Hedge Funds, Including , Oakbrook Investments reduced its stake in KHC by selling 566 shares or 1.6% in the most recent quarter. The Hedge Fund company now holds 34,739 shares of KHC which is valued at $2,711,379. Kraft Heinz Co makes up approx 0.17% of Oakbrook Investments’s portfolio.Heritage Investors Management Corp reduced its stake in KHC by selling 224 shares or 7.17% in the most recent quarter. The Hedge Fund company now holds 2,898 shares of KHC which is valued at $226,189. Kraft Heinz Co makes up approx 0.02% of Heritage Investors Management Corp’s portfolio.Marshwinds Advisory Co reduced its stake in KHC by selling 882 shares or 2.04% in the most recent quarter. The Hedge Fund company now holds 42,324 shares of KHC which is valued at $3,297,463. Kraft Heinz Co makes up approx 1.69% of Marshwinds Advisory Co’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. Kraft Heinz Co was Upgraded by Susquehanna to ” Positive” on Jan 21, 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.

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