Wexford Capital Lp adds Kraft Heinz Co (KHC) to its portfolio

Kraft Heinz Co (KHC) : Wexford Capital Lp added new position in Kraft Heinz Co during the most recent quarter end. The investment management firm now holds 95,805 shares of Kraft Heinz Co which is valued at $8,580,296 , the company said in a statement filed on Aug 12, 2016 with the SEC.Kraft Heinz Co makes up approximately 1.42% of Wexford Capital Lp’s portfolio.

Other Hedge Funds, Including , Profund Advisors reduced its stake in KHC by selling 3,811 shares or 4.82% in the most recent quarter. The Hedge Fund company now holds 75,243 shares of KHC which is valued at $6,738,763. Kraft Heinz Co makes up approx 0.31% of Profund Advisors’s portfolio.Mycio Wealth Partners reduced its stake in KHC by selling 1,943 shares or 18.95% in the most recent quarter. The Hedge Fund company now holds 8,311 shares of KHC which is valued at $744,333. Kraft Heinz Co makes up approx 0.12% of Mycio Wealth Partners’s portfolio.Mufg Americas Holdings Corp reduced its stake in KHC by selling 1,701 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 65,630 shares of KHC which is valued at $5,869,947. Kraft Heinz Co makes up approx 0.20% of Mufg Americas Holdings Corp’s portfolio.Interocean Capital reduced its stake in KHC by selling 1,790 shares or 33.21% in the most recent quarter. The Hedge Fund company now holds 3,600 shares of KHC which is valued at $319,644. Kraft Heinz Co makes up approx 0.07% of Interocean Capital’s portfolio. Hanlon Investment Management added KHC to its portfolio by purchasing 57,140 company shares during the most recent quarter which is valued at $4,851,186. Kraft Heinz Co makes up approx 0.41% of Hanlon Investment Management’s portfolio.

Kraft Heinz Co opened for trading at $88.35 and hit $88.81 on the upside on Monday, eventually ending the session at $88.57, with a gain of 0.45% or 0.4 points. The heightened volatility saw the trading volume jump to 16,85,105 shares. Company has a market cap of $107,847 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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