Sadoff Investment Management Exits Position in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Sadoff Investment Management has sold out all of its stake in Kraft Heinz Co during the most recent quarter, according to the disclosure filed by the company on Oct 7, 2016 with the SEC. The investment management company has sold out 2,271 shares of Kraft Heinz Co which is valued at $198,485.

Other Hedge Funds, Including , Stokes Hubbell Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 6,826 shares of Kraft Heinz Co which is valued at $596,592. Kraft Heinz Co makes up approx 0.25% of Stokes Hubbell Capital Management’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.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. 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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