Caxton Associates Lp buys $272.1 Million stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Caxton Associates Lp scooped up 2,616,500 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 3,196,500 shares of Kraft Heinz Co which is valued at $272.1 Million.Kraft Heinz Co makes up approximately 22.92% of Caxton Associates Lp’s portfolio.

Other Hedge Funds, Including , Dekabank Deutsche Girozentrale boosted its stake in KHC in the latest quarter, The investment management firm added 37,980 additional shares and now holds a total of 430,600 shares of Kraft Heinz Co which is valued at $36.7 Million. Kraft Heinz Co makes up approx 0.44% of Dekabank Deutsche Girozentrale’s portfolio.Willis Investment Counsel boosted its stake in KHC in the latest quarter, The investment management firm added 672 additional shares and now holds a total of 49,242 shares of Kraft Heinz Co which is valued at $4.2 Million. Kraft Heinz Co makes up approx 0.37% of Willis Investment Counsel’s portfolio.Blackrock Japan Ltd boosted its stake in KHC in the latest quarter, The investment management firm added 142 additional shares and now holds a total of 758,932 shares of Kraft Heinz Co which is valued at $64.6 Million. Kraft Heinz Co makes up approx 0.24% of Blackrock Japan Ltd’s portfolio.Whittier Trust Co Of Nevada Inc reduced its stake in KHC by selling 76 shares or 0.3% in the most recent quarter. The Hedge Fund company now holds 24,843 shares of KHC which is valued at $1.9 Million. Kraft Heinz Co makes up approx 0.22% of Whittier Trust Co Of Nevada Inc’s portfolio. New Jersey Better Educational Savings Trust added KHC to its portfolio by purchasing 6,000 company shares during the most recent quarter which is valued at $468,420. Kraft Heinz Co makes up approx 0.32% of New Jersey Better Educational Savings Trust’s portfolio.

Kraft Heinz Co opened for trading at $83.56 and hit $84.78 on the upside on Wednesday, eventually ending the session at $84.27, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 27,01,475 shares. Company has a market cap of $102,469 M.

On the company’s financial health, Kraft Heinz Co reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.61. The company had revenue of $6570.00 million for the quarter, compared to analysts expectations of $6463.10 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Kraft Heinz Co. Company shares were Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $85 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $88 .Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $87 .

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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