Chesley Taft Associates buys $12,711,934 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Chesley Taft Associates scooped up 3,357 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. The investment management firm now holds a total of 143,589 shares of Kraft Heinz Co which is valued at $12,711,934.Kraft Heinz Co makes up approximately 1.31% of Chesley Taft Associates’s portfolio.

Other Hedge Funds, Including , British Columbia Investment Management Corp reduced its stake in KHC by selling 40,247 shares or 12.54% in the most recent quarter. The Hedge Fund company now holds 280,694 shares of KHC which is valued at $24,487,745. Kraft Heinz Co makes up approx 0.25% of British Columbia Investment Management Corp’s portfolio.First Financial Bank N.a. – Trust Division boosted its stake in KHC in the latest quarter, The investment management firm added 384 additional shares and now holds a total of 3,615 shares of Kraft Heinz Co which is valued at $319,928. Kraft Heinz Co makes up approx 0.06% of First Financial Bank N.a. – Trust Division’s portfolio.Advisory Services Network reduced its stake in KHC by selling 101 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 4,561 shares of KHC which is valued at $398,631. Kraft Heinz Co makes up approx 0.08% of Advisory Services Network’s portfolio.West Oak Capital boosted its stake in KHC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,549 shares of Kraft Heinz Co which is valued at $135,352. Kraft Heinz Co makes up approx 0.09% of West Oak Capital’s portfolio.

Kraft Heinz Co opened for trading at $87.34 and hit $88.7 on the upside on Friday, eventually ending the session at $88.53, with a gain of 1.70% or 1.48 points. The heightened volatility saw the trading volume jump to 23,88,906 shares. Company has a market cap of $107,799 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.

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