Kanaly Trust Co buys $3,625,969 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Kanaly Trust Co scooped up 1,516 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 13, 2016. The investment management firm now holds a total of 46,457 shares of Kraft Heinz Co which is valued at $3,625,969.Kraft Heinz Co makes up approximately 0.72% of Kanaly Trust Co’s portfolio.

Kraft Heinz Co opened for trading at $77.92 and hit $78.36 on the upside on Monday, eventually ending the session at $78.34, with a gain of 0.37% or 0.29 points. The heightened volatility saw the trading volume jump to 22,07,308 shares. Company has a market cap of $95,198 M.

Other Hedge Funds, Including , Bath Savings Trust Co added KHC to its portfolio by purchasing 2,620 company shares during the most recent quarter which is valued at $204,491. Kraft Heinz Co makes up approx 0.07% of Bath Savings Trust Co’s portfolio. Integrated Investment Consultants added KHC to its portfolio by purchasing 2,124 company shares during the most recent quarter which is valued at $165,778. Kraft Heinz Co makes up approx 0.09% of Integrated Investment Consultants’s portfolio.Dnb Asset Management As boosted its stake in KHC in the latest quarter, The investment management firm added 22,200 additional shares and now holds a total of 57,860 shares of Kraft Heinz Co which is valued at $4,515,973. Kraft Heinz Co makes up approx 0.09% of Dnb Asset Management As’s portfolio.Triangle Securities Wealth Management reduced its stake in KHC by selling 16 shares or 0.55% in the most recent quarter. The Hedge Fund company now holds 2,891 shares of KHC which is valued at $225,238. Kraft Heinz Co makes up approx 0.15% of Triangle Securities Wealth Management’s portfolio.Creative Planning boosted its stake in KHC in the latest quarter, The investment management firm added 2,005 additional shares and now holds a total of 53,355 shares of Kraft Heinz Co which is valued at $4,156,888. Kraft Heinz Co makes up approx 0.03% of Creative Planning’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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