Hutner Daniel Ellsworth buys $3,143,291 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Hutner Daniel Ellsworth scooped up 5,760 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 20, 2016. The investment management firm now holds a total of 40,247 shares of Kraft Heinz Co which is valued at $3,143,291.Kraft Heinz Co makes up approximately 2.76% of Hutner Daniel Ellsworth’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 , Cue Financial Group reduced its stake in KHC by selling 1,456 shares or 16.04% in the most recent quarter. The Hedge Fund company now holds 7,619 shares of KHC which is valued at $594,663. Kraft Heinz Co makes up approx 0.51% of Cue Financial Group’s portfolio.Tnb Financial reduced its stake in KHC by selling 3 shares or 0.05% in the most recent quarter. The Hedge Fund company now holds 6,410 shares of KHC which is valued at $500,301. Kraft Heinz Co makes up approx 0.15% of Tnb Financial’s portfolio. D. Scott Neal added KHC to its portfolio by purchasing 31 company shares during the most recent quarter which is valued at $2,420.

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.

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