Philadelphia Trust Co buys $31.7 Million stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Philadelphia Trust Co scooped up 20,738 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 372,771 shares of Kraft Heinz Co which is valued at $31.7 Million.Kraft Heinz Co makes up approximately 2.74% of Philadelphia Trust Co’s portfolio.

Other Hedge Funds, Including , Frontier Investment Mgmt Co reduced its stake in KHC by selling 1,288 shares or 3.8% in the most recent quarter. The Hedge Fund company now holds 32,568 shares of KHC which is valued at $2.8 Million. Kraft Heinz Co makes up approx 0.36% of Frontier Investment Mgmt Co’s portfolio.Meiji Yasuda Asset Management Co Ltd. reduced its stake in KHC by selling 2,960 shares or 38.59% in the most recent quarter. The Hedge Fund company now holds 4,710 shares of KHC which is valued at $400,962. Kraft Heinz Co makes up approx 0.09% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Hap Trading reduced its stake in KHC by selling 101,165 shares or 36.37% in the most recent quarter. The Hedge Fund company now holds 177,016 shares of KHC which is valued at $15.1 Million. Kraft Heinz Co makes up approx 1.75% of Hap Trading’s portfolio.First Personal Financial Services boosted its stake in KHC in the latest quarter, The investment management firm added 8,016 additional shares and now holds a total of 22,739 shares of Kraft Heinz Co which is valued at $1.9 Million. Kraft Heinz Co makes up approx 0.96% of First Personal Financial Services’s portfolio.Middleton Co Incma boosted its stake in KHC in the latest quarter, The investment management firm added 397 additional shares and now holds a total of 30,043 shares of Kraft Heinz Co which is valued at $2.5 Million. Kraft Heinz Co makes up approx 0.59% of Middleton Co Incma’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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