Wedgewood Partners Inc Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Wedgewood Partners Inc reduced its stake in Kraft Heinz Co by 8.35% during the most recent quarter end. The investment management company now holds a total of 3,591,703 shares of Kraft Heinz Co which is valued at $287,623,576 after selling 327,053 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Kraft Heinz Co makes up approximately 6.13% of Wedgewood Partners Inc’s portfolio.

Other Hedge Funds, Including , Two Sigma Securities sold out all of its stake in KHC during the most recent quarter. The investment firm sold 11,273 shares of KHC which is valued $902,742.Bessemer Group Inc boosted its stake in KHC in the latest quarter, The investment management firm added 139 additional shares and now holds a total of 2,540,085 shares of Kraft Heinz Co which is valued at $206,813,721. Kraft Heinz Co makes up approx 1.06% of Bessemer Group Inc’s portfolio.Sheaff Brock Investment Advisors reduced its stake in KHC by selling 1,169 shares or 3.66% in the most recent quarter. The Hedge Fund company now holds 30,812 shares of KHC which is valued at $2,650,756. Kraft Heinz Co makes up approx 0.36% of Sheaff Brock Investment Advisors’s portfolio.

Kraft Heinz Co closed down -0.31 points or -0.37% at $82.53 with 27,15,717 shares getting traded on Monday. Post opening the session at $82.7, the shares hit an intraday low of $82.02 and an intraday high of $82.93 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Kraft Heinz Co reported $0.83 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Nov 3, 2016. Analyst had a consensus of $0.74. The company had revenue of $6267.00 million for the quarter, compared to analysts expectations of $6296.95 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.44 EPS.

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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