Blb&b Advisors buys $5,426,070 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Blb&b Advisors scooped up 14,106 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 61,541 shares of Kraft Heinz Co which is valued at $5,426,070.Kraft Heinz Co makes up approximately 0.99% of Blb&b Advisors’s portfolio.

Other Hedge Funds, Including , Wendell David Associates Inc reduced its stake in KHC by selling 461 shares or 8.13% in the most recent quarter. The Hedge Fund company now holds 5,208 shares of KHC which is valued at $459,189. Kraft Heinz Co makes up approx 0.09% of Wendell David Associates Inc’s portfolio. Ruane Cunniff Goldfarb Inc sold out all of its stake in KHC during the most recent quarter. The investment firm sold 71,183 shares of KHC which is valued $6,342,405.Abner Herrman Brock boosted its stake in KHC in the latest quarter, The investment management firm added 4,907 additional shares and now holds a total of 69,283 shares of Kraft Heinz Co which is valued at $6,167,573. Kraft Heinz Co makes up approx 1.43% of Abner Herrman Brock’s portfolio. Lenox Wealth Advisors added KHC to its portfolio by purchasing 1,000 company shares during the most recent quarter which is valued at $89,020. Kraft Heinz Co makes up approx 0.03% of Lenox Wealth Advisors’s portfolio.

Kraft Heinz Co closed down -0.8 points or -0.90% at $88.17 with 22,29,505 shares getting traded on Wednesday. Post opening the session at $88.87, the shares hit an intraday low of $87.94 and an intraday high of $88.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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