Caldwell Orkin Inc Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Caldwell Orkin Inc reduced its stake in Kraft Heinz Co by 6.38% during the most recent quarter end. The investment management company now holds a total of 47,405 shares of Kraft Heinz Co which is valued at $4,245,592 after selling 3,230 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Kraft Heinz Co makes up approximately 2.38% of Caldwell Orkin Inc’s portfolio.

Other Hedge Funds, Including , Covington Investment Advisors reduced its stake in KHC by selling 125 shares or 0.54% in the most recent quarter. The Hedge Fund company now holds 23,160 shares of KHC which is valued at $2,074,210. Kraft Heinz Co makes up approx 0.90% of Covington Investment Advisors’s portfolio. Horan Capital Advisors. added KHC to its portfolio by purchasing 2,307 company shares during the most recent quarter which is valued at $206,615. Kraft Heinz Co makes up approx 0.16% of Horan Capital Advisors.’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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