Kraft Heinz Co (KHC) : Envestnet Asset Management Inc scooped up 65,072 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 15, 2016. The investment management firm now holds a total of 353,441 shares of Kraft Heinz Co which is valued at $31,654,176.Kraft Heinz Co makes up approximately 0.13% of Envestnet Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Two Sigma Advisers Lp added KHC to its portfolio by purchasing 46,900 company shares during the most recent quarter which is valued at $4,200,364. Kraft Heinz Co makes up approx 0.02% of Two Sigma Advisers Lp’s portfolio.Cable Hill Partners boosted its stake in KHC in the latest quarter, The investment management firm added 353 additional shares and now holds a total of 997 shares of Kraft Heinz Co which is valued at $88,524. Kraft Heinz Co makes up approx 0.06% of Cable Hill Partners’s portfolio.First Niagara Bank reduced its stake in KHC by selling 149 shares or 1.32% in the most recent quarter. The Hedge Fund company now holds 11,129 shares of KHC which is valued at $952,976. Kraft Heinz Co makes up approx 0.27% of First Niagara Bank’s portfolio.
Kraft Heinz Co opened for trading at $89.23 and hit $89.81 on the upside on Wednesday, eventually ending the session at $89.79, with a gain of 0.06% or 0.05 points. The heightened volatility saw the trading volume jump to 3,344,795 shares. Company has a market cap of $109,333 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 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.