Montag Caldwell buys $158,681,292 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Montag Caldwell scooped up 365,768 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 3, 2016. The investment management firm now holds a total of 1,889,063 shares of Kraft Heinz Co which is valued at $158,681,292.Kraft Heinz Co makes up approximately 2.94% of Montag Caldwell’s portfolio.

Other Hedge Funds, Including , Lakeview Capital Partners reduced its stake in KHC by selling 835 shares or 22.45% in the most recent quarter. The Hedge Fund company now holds 2,884 shares of KHC which is valued at $242,256. Kraft Heinz Co makes up approx 0.15% of Lakeview Capital Partners’s portfolio.Alexandria Capital reduced its stake in KHC by selling 45 shares or 14.15% in the most recent quarter. The Hedge Fund company now holds 273 shares of KHC which is valued at $21,313.Hl Financial Services reduced its stake in KHC by selling 9 shares or 0.01% in the most recent quarter. The Hedge Fund company now holds 66,255 shares of KHC which is valued at $5,172,528. Kraft Heinz Co makes up approx 0.13% of Hl Financial Services’s portfolio.Burt Wealth Advisors reduced its stake in KHC by selling 55 shares or 20.91% in the most recent quarter. The Hedge Fund company now holds 208 shares of KHC which is valued at $16,239. Kraft Heinz Co makes up approx 0.01% of Burt Wealth Advisors’s portfolio.Stokes Hubbell Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 6,825 shares of Kraft Heinz Co which is valued at $533,033. Kraft Heinz Co makes up approx 0.24% of Stokes Hubbell Capital Management’s portfolio.

Kraft Heinz Co opened for trading at $84.44 and hit $86.2 on the upside on Tuesday, eventually ending the session at $86.14, with a gain of 2.23% or 1.88 points. The heightened volatility saw the trading volume jump to 35,93,730 shares. Company has a market cap of $104,742 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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