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

Kraft Heinz Co (KHC) : Aviance Capital Management reduced its stake in Kraft Heinz Co by 31.43% during the most recent quarter end. The investment management company now holds a total of 193,932 shares of Kraft Heinz Co which is valued at $16,606,397 after selling 88,899 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Kraft Heinz Co makes up approximately 0.50% of Aviance Capital Management’s portfolio.

Other Hedge Funds, Including , Headinvest reduced its stake in KHC by selling 200 shares or 3.98% in the most recent quarter. The Hedge Fund company now holds 4,830 shares of KHC which is valued at $413,593. Kraft Heinz Co makes up approx 0.15% of Headinvest’s portfolio.Rothschild Investment Corp Il reduced its stake in KHC by selling 165 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 41,786 shares of KHC which is valued at $3,683,854. Kraft Heinz Co makes up approx 0.45% of Rothschild Investment Corp Il’s portfolio.Roffman Miller Associates Inc Pa boosted its stake in KHC in the latest quarter, The investment management firm added 7,044 additional shares and now holds a total of 84,733 shares of Kraft Heinz Co which is valued at $7,470,909. Kraft Heinz Co makes up approx 1.19% of Roffman Miller Associates Inc Pa’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.

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