Btg Pactual Global Asset Management Ltd buys $7,880,116 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Btg Pactual Global Asset Management Ltd scooped up 22,887 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 87,987 shares of Kraft Heinz Co which is valued at $7,880,116.Kraft Heinz Co makes up approximately 8.06% of Btg Pactual Global Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , 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.Quantitative Systematic Strategies boosted its stake in KHC in the latest quarter, The investment management firm added 1,282 additional shares and now holds a total of 10,488 shares of Kraft Heinz Co which is valued at $906,058. Kraft Heinz Co makes up approx 0.39% of Quantitative Systematic Strategies’s portfolio.First Manhattan Co boosted its stake in KHC in the latest quarter, The investment management firm added 177,582 additional shares and now holds a total of 554,037 shares of Kraft Heinz Co which is valued at $49,364,697. Kraft Heinz Co makes up approx 0.30% of First Manhattan Co’s portfolio.

Kraft Heinz Co closed down -0.5 points or -0.56% at $89.47 with 20,20,041 shares getting traded on Tuesday. Post opening the session at $90.25, the shares hit an intraday low of $89.3472 and an intraday high of $90.48 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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