Kraft Heinz Co (KHC) : Heritage Wealth Advisors scooped up 253 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 2, 2016. The investment management firm now holds a total of 10,777 shares of Kraft Heinz Co which is valued at $905,268.Kraft Heinz Co makes up approximately 0.70% of Heritage Wealth Advisors’s portfolio.
Kraft Heinz Co opened for trading at $82.83 and hit $84.04 on the upside on Friday, eventually ending the session at $84, with a gain of 1.24% or 1.03 points. The heightened volatility saw the trading volume jump to 39,93,622 shares. Company has a market cap of $102,140 M.
Other Hedge Funds, Including , Dynamic Advisors Solutions reduced its stake in KHC by selling 46 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 4,678 shares of KHC which is valued at $392,952. Kraft Heinz Co makes up approx 0.17% of Dynamic Advisors Solutions’s portfolio.
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.