Charter Research Investment Group Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Charter Research Investment Group 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 51,015 shares of Kraft Heinz Co which is valued at $4.3 Million after selling 1,415 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on May 13, 2016.Kraft Heinz Co makes up approximately 4.98% of Charter Research Investment Group’s portfolio.

Other Hedge Funds, Including , Private Advisor Group reduced its stake in KHC by selling 5,883 shares or 9.7% in the most recent quarter. The Hedge Fund company now holds 54,748 shares of KHC which is valued at $4.7 Million. Kraft Heinz Co makes up approx 0.23% of Private Advisor Group’s portfolio.Roundview Capital reduced its stake in KHC by selling 250 shares or 0.91% in the most recent quarter. The Hedge Fund company now holds 27,358 shares of KHC which is valued at $2.3 Million. Kraft Heinz Co makes up approx 0.89% of Roundview Capital’s portfolio.Finemark National Bank Trust boosted its stake in KHC in the latest quarter, The investment management firm added 23,312 additional shares and now holds a total of 51,339 shares of Kraft Heinz Co which is valued at $4.4 Million. Kraft Heinz Co makes up approx 0.52% of Finemark National Bank Trust’s portfolio.Swiss National Bank boosted its stake in KHC in the latest quarter, The investment management firm added 474,600 additional shares and now holds a total of 1,576,263 shares of Kraft Heinz Co which is valued at $132.4 Million. Kraft Heinz Co makes up approx 0.23% of Swiss National Bank’s portfolio. Barton Investment Management sold out all of its stake in KHC during the most recent quarter. The investment firm sold 241 shares of KHC which is valued $18,815.

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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