Company Shares of The Kraft Heinz Company Drops by -0.61%

The Kraft Heinz Company (NASDAQ:KHC) has tumbled 0.61% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.91% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.58% and the outperformance has advanced to 1.97% for the last 4 weeks period.

The Kraft Heinz Company (NASDAQ:KHC): The stock opened at $85.34 on Friday but the bulls could not build on the opening and the stock topped out at $85.37 for the day. The stock traded down to $84.02 during the day, due to lack of any buying support eventually closed down at $84.82 with a loss of -0.54% for the day. The stock had closed at $85.28 on the previous day. The total traded volume was 5,526,748 shares.

On the companys insider trading activities, Jackson Jeanne P, director of Kraft Heinz Co had purchased 4,330 shares on October 28, 2015 in a transaction. The price per share was $75.4 and the total amount of the disclosed transaction was $326,482.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Many analysts have stated their opinion on the company shares. Argus Research initiates coverage on The Kraft Heinz Company (NASDAQ:KHC) . The global brokerage major announces a current price target of $91 per share. Analysts at the Argus Research have a current rating of Buy on the shares. The rating by the firm was issued on April 27, 2016. Currently the company Insiders own 26.92% of The Kraft Heinz Company shares according to the proxy statements. Institutional Investors own 61.78% of The Kraft Heinz Company shares.

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 Companys 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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