Webster Bank N. A. Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Webster Bank N. A. reduced its stake in Kraft Heinz Co by 1.67% during the most recent quarter end. The investment management company now holds a total of 45,646 shares of Kraft Heinz Co which is valued at $4,041,040 after selling 777 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.Kraft Heinz Co makes up approximately 0.60% of Webster Bank N. A.’s portfolio.

Other Hedge Funds, Including , Stock Yards Bank Trust Co reduced its stake in KHC by selling 6,951 shares or 30.0% in the most recent quarter. The Hedge Fund company now holds 16,219 shares of KHC which is valued at $1,435,868. Kraft Heinz Co makes up approx 0.20% of Stock Yards Bank Trust Co’s portfolio.Toth Financial Advisory Corp boosted its stake in KHC in the latest quarter, The investment management firm added 6,715 additional shares and now holds a total of 22,399 shares of Kraft Heinz Co which is valued at $1,949,833. Kraft Heinz Co makes up approx 0.59% of Toth Financial Advisory Corp’s portfolio.Headinvest boosted its stake in KHC in the latest quarter, The investment management firm added 75 additional shares and now holds a total of 4,905 shares of Kraft Heinz Co which is valued at $434,093. Kraft Heinz Co makes up approx 0.15% of Headinvest’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 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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