Lourd Capital Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Lourd Capital reduced its stake in Kraft Heinz Co by 0.33% during the most recent quarter end. The investment management company now holds a total of 3,347 shares of Kraft Heinz Co which is valued at $284,160 after selling 11 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Kraft Heinz Co makes up approximately 0.08% of Lourd Capital’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) reduced its stake in KHC by selling 11,775 shares or 10.67% in the most recent quarter. The Hedge Fund company now holds 98,626 shares of KHC which is valued at $8,373,347. Kraft Heinz Co makes up approx 0.11% of Zurcher Kantonalbank (zurich Cantonalbank)’s portfolio.Livingston Group Asset Management Co (operating As Southp… boosted its stake in KHC in the latest quarter, The investment management firm added 23 additional shares and now holds a total of 28,757 shares of Kraft Heinz Co which is valued at $2,462,462. Kraft Heinz Co makes up approx 1.33% of Livingston Group Asset Management Co (operating As Southp…’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.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.

Kraft Heinz Co opened for trading at $85.13 and hit $85.64 on the upside on Thursday, eventually ending the session at $85.54, with a gain of 0.75% or 0.64 points. The heightened volatility saw the trading volume jump to 32,21,770 shares. Company has a market cap of $104,013 M.

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 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.

Leave a Reply

Kraft Heinz Co - Is it time to Sell?

Top Brokerage Firms are advising their investors on Kraft Heinz Co. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.