Hikari Power Ltd Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Hikari Power Ltd reduced its stake in Kraft Heinz Co by 31.29% during the most recent quarter end. The investment management company now holds a total of 48,300 shares of Kraft Heinz Co which is valued at $4,100,670 after selling 22,000 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Kraft Heinz Co makes up approximately 0.46% of Hikari Power Ltd’s portfolio.

Other Hedge Funds, Including , Gratus Capital reduced its stake in KHC by selling 1,606 shares or 28.54% in the most recent quarter. The Hedge Fund company now holds 4,022 shares of KHC which is valued at $341,468. Kraft Heinz Co makes up approx 0.05% of Gratus Capital’s portfolio.Schulhoff Co Inc boosted its stake in KHC in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 12,533 shares of Kraft Heinz Co which is valued at $1,082,726. Kraft Heinz Co makes up approx 0.66% of Schulhoff Co Inc’s portfolio.Regentatlantic Capital reduced its stake in KHC by selling 94 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 21,713 shares of KHC which is valued at $1,914,435. Kraft Heinz Co makes up approx 0.18% of Regentatlantic Capital’s portfolio.Creative Planning boosted its stake in KHC in the latest quarter, The investment management firm added 3,967 additional shares and now holds a total of 57,322 shares of Kraft Heinz Co which is valued at $5,102,804. Kraft Heinz Co makes up approx 0.04% of Creative Planning’s portfolio.Kistler-tiffany Companies reduced its stake in KHC by selling 105 shares or 3.16% in the most recent quarter. The Hedge Fund company now holds 3,217 shares of KHC which is valued at $289,047. Kraft Heinz Co makes up approx 0.15% of Kistler-tiffany Companies’s portfolio.

Kraft Heinz Co closed down -0.04 points or -0.05% at $88.75 with 24,27,983 shares getting traded on Monday. Post opening the session at $88.71, the shares hit an intraday low of $87.59 and an intraday high of $88.79 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 $0.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.71. The company had revenue of $6793.00 million for the quarter, compared to analysts expectations of $6790.09 million. The company’s revenue was up 159.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.

Many Wall Street Analysts have commented on Kraft Heinz Co. Company shares were Upgraded by Deutsche Bank on Aug 5, 2016 to ” Buy”, Firm has raised the Price Target to $ 103 from a previous price target of $85 .Company shares were Reiterated by RBC Capital Mkts on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 96 from a previous price target of $92 .

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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