Pegasus Partners Ltd. buys $1,795,597 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Pegasus Partners Ltd. scooped up 3,115 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 20,076 shares of Kraft Heinz Co which is valued at $1,795,597.Kraft Heinz Co makes up approximately 0.89% of Pegasus Partners Ltd.’s portfolio.

Other Hedge Funds, Including , Madden Advisory Services added KHC to its portfolio by purchasing 3,529 company shares during the most recent quarter which is valued at $315,634. Kraft Heinz Co makes up approx 0.19% of Madden Advisory Services’s portfolio.Intrust Bank Na reduced its stake in KHC by selling 6,403 shares or 39.19% in the most recent quarter. The Hedge Fund company now holds 9,934 shares of KHC which is valued at $843,397. Kraft Heinz Co makes up approx 0.33% of Intrust Bank Na’s portfolio.Smithfield Trust Co reduced its stake in KHC by selling 866 shares or 68.89% in the most recent quarter. The Hedge Fund company now holds 391 shares of KHC which is valued at $33,778. Kraft Heinz Co makes up approx 0.01% of Smithfield Trust Co’s portfolio.Boston Advisors reduced its stake in KHC by selling 30 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 5,488 shares of KHC which is valued at $469,937. Kraft Heinz Co makes up approx 0.01% of Boston Advisors’s portfolio.Acadian Asset Management boosted its stake in KHC in the latest quarter, The investment management firm added 4,161 additional shares and now holds a total of 6,470 shares of Kraft Heinz Co which is valued at $570,460.

Kraft Heinz Co opened for trading at $89.05 and hit $89.47 on the upside on Wednesday, eventually ending the session at $89.41, with a gain of 0.51% or 0.45 points. The heightened volatility saw the trading volume jump to 18,32,898 shares. Company has a market cap of $108,870 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.

Investors should note that on Aug 4, 2016, Kraft Heinz Co announced a cash dividend of $0.6000. The company’s management has announced Aug 24, 2016 as the ex-dividend date and fixed the record date on Aug 26, 2016. The payable date has been fixed on Oct 7, 2016.

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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