Nepsis Capital Management Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Nepsis Capital Management reduced its stake in Kraft Heinz Co by 10.46% during the most recent quarter end. The investment management company now holds a total of 82,885 shares of Kraft Heinz Co which is valued at $7,378,423 after selling 9,682 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Kraft Heinz Co makes up approximately 4.07% of Nepsis Capital Management’s portfolio.

Other Hedge Funds, Including , 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.Gulf International Bank (uk) Ltd reduced its stake in KHC by selling 9,100 shares or 1.38% in the most recent quarter. The Hedge Fund company now holds 651,784 shares of KHC which is valued at $58,021,812. Kraft Heinz Co makes up approx 0.95% of Gulf International Bank (uk) Ltd’s portfolio.Marshwinds Advisory Co reduced its stake in KHC by selling 98 shares or 0.23% in the most recent quarter. The Hedge Fund company now holds 42,226 shares of KHC which is valued at $3,794,006. Kraft Heinz Co makes up approx 1.84% of Marshwinds Advisory Co’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.

Kraft Heinz Co opened for trading at $88.9 and hit $89.2199 on the upside on Friday, eventually ending the session at $88.86, with a gain of 0.59% or 0.52 points. The heightened volatility saw the trading volume jump to 23,11,908 shares. Company has a market cap of $108,050 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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