Shelton Capital Management buys $6.3 Million stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Shelton Capital Management scooped up 4,410 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 74,272 shares of Kraft Heinz Co which is valued at $6.3 Million.Kraft Heinz Co makes up approximately 0.60% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , Ancora Advisors boosted its stake in KHC in the latest quarter, The investment management firm added 1,850 additional shares and now holds a total of 43,570 shares of Kraft Heinz Co which is valued at $3.7 Million. Kraft Heinz Co makes up approx 0.45% of Ancora Advisors’s portfolio. Paradigm Capital Management Incny sold out all of its stake in KHC during the most recent quarter. The investment firm sold 6,930 shares of KHC which is valued $589,951.Investors Capital Advisory Services reduced its stake in KHC by selling 520 shares or 5.27% in the most recent quarter. The Hedge Fund company now holds 9,353 shares of KHC which is valued at $796,221. Kraft Heinz Co makes up approx 0.16% of Investors Capital Advisory Services’s portfolio.Tdam Usa reduced its stake in KHC by selling 680 shares or 2.78% in the most recent quarter. The Hedge Fund company now holds 23,795 shares of KHC which is valued at $2 Million. Kraft Heinz Co makes up approx 0.10% of Tdam Usa’s portfolio.Linscomb Williams reduced its stake in KHC by selling 273 shares or 3.82% in the most recent quarter. The Hedge Fund company now holds 6,866 shares of KHC which is valued at $576,744. Kraft Heinz Co makes up approx 0.06% of Linscomb Williams’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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