Wedgewood Partners Inc buys $362,886,373 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Wedgewood Partners Inc scooped up 771,693 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 4,051,880 shares of Kraft Heinz Co which is valued at $362,886,373.Kraft Heinz Co makes up approximately 6.48% of Wedgewood Partners Inc’s portfolio.

Other Hedge Funds, Including , Passport Capital boosted its stake in KHC in the latest quarter, The investment management firm added 7,272 additional shares and now holds a total of 100,477 shares of Kraft Heinz Co which is valued at $8,998,720. Kraft Heinz Co makes up approx 0.26% of Passport Capital’s portfolio.Apg Asset Management N.v. boosted its stake in KHC in the latest quarter, The investment management firm added 66,900 additional shares and now holds a total of 767,398 shares of Kraft Heinz Co which is valued at $68,728,165. Kraft Heinz Co makes up approx 0.13% of Apg Asset Management N.v.’s portfolio.Laurel Wealth Advisors reduced its stake in KHC by selling 82 shares or 0.59% in the most recent quarter. The Hedge Fund company now holds 13,917 shares of KHC which is valued at $1,246,407. Kraft Heinz Co makes up approx 0.59% of Laurel Wealth Advisors’s portfolio. Moisand Fitzgerald Tamayo sold out all of its stake in KHC during the most recent quarter. The investment firm sold 23 shares of KHC which is valued $1,953.

Kraft Heinz Co closed down -0.01 points or -0.01% at $89.48 with 22,15,474 shares getting traded on Thursday. Post opening the session at $89.57, the shares hit an intraday low of $88.54 and an intraday high of $89.71 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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