Orca Investment Management Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Orca Investment Management reduced its stake in Kraft Heinz Co by 0.71% during the most recent quarter end. The investment management company now holds a total of 32,273 shares of Kraft Heinz Co which is valued at $2,519,553 after selling 230 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Kraft Heinz Co makes up approximately 2.78% of Orca Investment Management’s portfolio.

Kraft Heinz Co opened for trading at $78.07 and hit $80.25 on the upside on Monday, eventually ending the session at $79.52, with a gain of 1.86% or 1.45 points. The heightened volatility saw the trading volume jump to 37,00,714 shares. Company has a market cap of $96,632 M.

Other Hedge Funds, Including , North Star Investment Management Corp. reduced its stake in KHC by selling 88 shares or 1.5% in the most recent quarter. The Hedge Fund company now holds 5,762 shares of KHC which is valued at $449,839. Kraft Heinz Co makes up approx 0.09% of North Star Investment Management Corp.’s portfolio.Tiaa Cref Trust Co Fsbmo boosted its stake in KHC in the latest quarter, The investment management firm added 3,591 additional shares and now holds a total of 165,503 shares of Kraft Heinz Co which is valued at $12,925,784. Kraft Heinz Co makes up approx 0.12% of Tiaa Cref Trust Co Fsbmo’s portfolio.Crossvault Capital Management reduced its stake in KHC by selling 1,750 shares or 2.7% in the most recent quarter. The Hedge Fund company now holds 63,140 shares of KHC which is valued at $4,931,234. Kraft Heinz Co makes up approx 3.58% of Crossvault Capital Management’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.

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.

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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