Marshwinds Advisory Co Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Marshwinds Advisory Co reduced its stake in Kraft Heinz Co by 0.23% during the most recent quarter end. The investment management company now holds a total of 42,226 shares of Kraft Heinz Co which is valued at $3,794,006 after selling 98 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Jul 6, 2016.Kraft Heinz Co makes up approximately 1.84% of Marshwinds Advisory Co’s portfolio.

Other Hedge Funds, Including , First Premier Bank boosted its stake in KHC in the latest quarter, The investment management firm added 252 additional shares and now holds a total of 9,716 shares of Kraft Heinz Co which is valued at $872,983. Kraft Heinz Co makes up approx 0.66% of First Premier Bank’s portfolio.Stock Yards Bank Trust Co reduced its stake in KHC by selling 397 shares or 1.68% in the most recent quarter. The Hedge Fund company now holds 23,170 shares of KHC which is valued at $2,056,106. Kraft Heinz Co makes up approx 0.27% of Stock Yards Bank Trust Co’s portfolio.First Financial Bank N.a. – Trust Division reduced its stake in KHC by selling 55 shares or 1.67% in the most recent quarter. The Hedge Fund company now holds 3,231 shares of KHC which is valued at $286,719. Kraft Heinz Co makes up approx 0.06% of First Financial Bank N.a. – Trust Division’s portfolio.Toth Financial Advisory Corp boosted its stake in KHC in the latest quarter, The investment management firm added 11,359 additional shares and now holds a total of 15,684 shares of Kraft Heinz Co which is valued at $1,383,956. Kraft Heinz Co makes up approx 0.42% of Toth Financial Advisory Corp’s portfolio.

Kraft Heinz Co closed down -0.01 points or -0.01% at $89.84 with 28,60,458 shares getting traded on Monday. Post opening the session at $89.93, the shares hit an intraday low of $89.31 and an intraday high of $90.15 and the price fluctuated in this range throughout the day.Shares ended Monday 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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