Kraft Heinz Co (KHC) : Orca Investment Management reduced its stake in Kraft Heinz Co by 0.53% during the most recent quarter end. The investment management company now holds a total of 32,101 shares of Kraft Heinz Co which is valued at $2,748,809 after selling 172 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Kraft Heinz Co makes up approximately 2.58% of Orca Investment Management’s portfolio.
Other Hedge Funds, Including , Shell Asset Management Co boosted its stake in KHC in the latest quarter, The investment management firm added 25,969 additional shares and now holds a total of 57,377 shares of Kraft Heinz Co which is valued at $4,913,193. Kraft Heinz Co makes up approx 0.11% of Shell Asset Management Co’s portfolio.Kanaly Trust Co reduced its stake in KHC by selling 18,071 shares or 38.9% in the most recent quarter. The Hedge Fund company now holds 28,386 shares of KHC which is valued at $2,502,510. Kraft Heinz Co makes up approx 0.50% of Kanaly Trust Co’s portfolio.Eqis Capital Management reduced its stake in KHC by selling 3,443 shares or 34.94% in the most recent quarter. The Hedge Fund company now holds 6,410 shares of KHC which is valued at $571,131. Kraft Heinz Co makes up approx 0.04% of Eqis Capital Management’s portfolio.Alpha Windward reduced its stake in KHC by selling 363 shares or 13.33% in the most recent quarter. The Hedge Fund company now holds 2,361 shares of KHC which is valued at $212,136. Kraft Heinz Co makes up approx 0.15% of Alpha Windward’s portfolio.
Kraft Heinz Co opened for trading at $86.23 and hit $86.63 on the upside on Friday, eventually ending the session at $86.39, with a gain of 0.50% or 0.43 points. The heightened volatility saw the trading volume jump to 17,78,876 shares. Company has a market cap of $105,046 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.