First American Trust Fsb buys $3,825,759 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : First American Trust Fsb scooped up 1,218 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 5, 2016. The investment management firm now holds a total of 43,783 shares of Kraft Heinz Co which is valued at $3,825,759.Kraft Heinz Co makes up approximately 1.20% of First American Trust Fsb’s portfolio.

Other Hedge Funds, Including , 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.Washington Trust Bank boosted its stake in KHC in the latest quarter, The investment management firm added 1,060 additional shares and now holds a total of 2,332 shares of Kraft Heinz Co which is valued at $203,770. Kraft Heinz Co makes up approx 0.05% of Washington Trust Bank’s portfolio.

Kraft Heinz Co closed down -1.06 points or -1.19% at $88.02 with 19,40,530 shares getting traded on Tuesday. Post opening the session at $89.29, the shares hit an intraday low of $87.69 and an intraday high of $89.29 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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