Beese Fulmer Investment Management Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Beese Fulmer Investment Management reduced its stake in Kraft Heinz Co by 0.97% during the most recent quarter end. The investment management company now holds a total of 81,943 shares of Kraft Heinz Co which is valued at $6,956,961 after selling 804 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.Kraft Heinz Co makes up approximately 1.93% of Beese Fulmer Investment Management’s portfolio.

Other Hedge Funds, Including , Gilder Gagnon Howe Co added KHC to its portfolio by purchasing 30,907 company shares during the most recent quarter which is valued at $2,624,004. Kraft Heinz Co makes up approx 0.05% of Gilder Gagnon Howe Co’s portfolio.Hl Financial Services boosted its stake in KHC in the latest quarter, The investment management firm added 1,635 additional shares and now holds a total of 67,890 shares of Kraft Heinz Co which is valued at $5,813,421. Kraft Heinz Co makes up approx 0.13% of Hl Financial Services’s portfolio.Retirement Systems Of Alabama reduced its stake in KHC by selling 124 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 303,755 shares of KHC which is valued at $26,010,541. Kraft Heinz Co makes up approx 0.15% of Retirement Systems Of Alabama’s portfolio.United Bank reduced its stake in KHC by selling 399 shares or 6.38% in the most recent quarter. The Hedge Fund company now holds 5,859 shares of KHC which is valued at $516,529. Kraft Heinz Co makes up approx 0.23% of United Bank’s portfolio.Blb&b Advisors boosted its stake in KHC in the latest quarter, The investment management firm added 14,106 additional shares and now holds a total of 61,541 shares of Kraft Heinz Co which is valued at $5,426,070. Kraft Heinz Co makes up approx 0.99% of Blb&b Advisors’s portfolio.

Kraft Heinz Co opened for trading at $85.13 and hit $85.64 on the upside on Thursday, eventually ending the session at $85.54, with a gain of 0.75% or 0.64 points. The heightened volatility saw the trading volume jump to 32,21,770 shares. Company has a market cap of $104,013 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 Reiterated by Stifel on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 90 from a previous price target of $85 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $88 .Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $87 .

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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