Advisory Services Network Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Advisory Services Network reduced its stake in Kraft Heinz Co by 2.17% during the most recent quarter end. The investment management company now holds a total of 4,561 shares of Kraft Heinz Co which is valued at $398,631 after selling 101 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Kraft Heinz Co makes up approximately 0.08% of Advisory Services Network’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in KHC by selling 2,094 shares or 1.36% in the most recent quarter. The Hedge Fund company now holds 152,134 shares of KHC which is valued at $13,296,512. Kraft Heinz Co makes up approx 0.28% of Exxonmobil Investment Management Inc Tx’s portfolio.First American Trust Fsb boosted its stake in KHC in the latest quarter, The investment management firm added 1,218 additional shares and now holds a total of 43,783 shares of Kraft Heinz Co which is valued at $3,825,759. Kraft Heinz Co makes up approx 1.20% of First American Trust Fsb’s portfolio.Eqis Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 1,109 additional shares and now holds a total of 7,519 shares of Kraft Heinz Co which is valued at $657,010. Kraft Heinz Co makes up approx 0.04% of Eqis Capital Management’s portfolio.Lynch Associatesin reduced its stake in KHC by selling 2,111 shares or 16.06% in the most recent quarter. The Hedge Fund company now holds 11,035 shares of KHC which is valued at $964,238. Kraft Heinz Co makes up approx 0.43% of Lynch Associatesin’s portfolio. Harbour Capital Advisors sold out all of its stake in KHC during the most recent quarter. The investment firm sold 5,800 shares of KHC which is valued $506,804.

Kraft Heinz Co closed down -0.09 points or -0.10% at $87.4 with 17,23,648 shares getting traded on Friday. Post opening the session at $87.76, the shares hit an intraday low of $86.7 and an intraday high of $87.76 and the price fluctuated in this range throughout the day.Shares ended Friday 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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