Stuart Chaussee Associates buys $343,528 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Stuart Chaussee Associates scooped up 436 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 12, 2016. The investment management firm now holds a total of 3,859 shares of Kraft Heinz Co which is valued at $343,528.Kraft Heinz Co makes up approximately 0.28% of Stuart Chaussee Associates’s portfolio.

Other Hedge Funds, Including , Grassi Investment Management boosted its stake in KHC in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 49,605 shares of Kraft Heinz Co which is valued at $4,415,837. Kraft Heinz Co makes up approx 0.82% of Grassi Investment Management’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.Next Financial Group Inc boosted its stake in KHC in the latest quarter, The investment management firm added 336 additional shares and now holds a total of 15,068 shares of Kraft Heinz Co which is valued at $1,353,860. Kraft Heinz Co makes up approx 0.42% of Next Financial Group Inc’s portfolio. Howland Capital Management added KHC to its portfolio by purchasing 2,467 company shares during the most recent quarter which is valued at $221,660. Kraft Heinz Co makes up approx 0.02% of Howland Capital Management’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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