Columbus Circle Investors adds Kraft Heinz Co (KHC) to its portfolio

Kraft Heinz Co (KHC) : Columbus Circle Investors added new position in Kraft Heinz Co during the most recent quarter end. The investment management firm now holds 887,964 shares of Kraft Heinz Co which is valued at $75,388,144 , the company said in a statement filed on Aug 2, 2016 with the SEC.Kraft Heinz Co makes up approximately 0.72% of Columbus Circle Investors’s portfolio.

Other Hedge Funds, Including , Lee Danner Bass Inc boosted its stake in KHC in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 57,802 shares of Kraft Heinz Co which is valued at $4,907,390. Kraft Heinz Co makes up approx 0.59% of Lee Danner Bass Inc’s portfolio.Bank Of Hawaii reduced its stake in KHC by selling 7,477 shares or 7.43% in the most recent quarter. The Hedge Fund company now holds 93,157 shares of KHC which is valued at $7,909,029. Kraft Heinz Co makes up approx 0.84% of Bank Of Hawaii’s portfolio.Kanawha Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 5,826 shares of Kraft Heinz Co which is valued at $503,308. Kraft Heinz Co makes up approx 0.08% of Kanawha Capital Management’s portfolio.Confluence Investment Management boosted its stake in KHC in the latest quarter, The investment management firm added 27,154 additional shares and now holds a total of 714,349 shares of Kraft Heinz Co which is valued at $61,169,705. Kraft Heinz Co makes up approx 1.64% of Confluence Investment Management’s portfolio.Security National Trust Co boosted its stake in KHC in the latest quarter, The investment management firm added 94 additional shares and now holds a total of 3,096 shares of Kraft Heinz Co which is valued at $272,943. Kraft Heinz Co makes up approx 0.10% of Security National Trust Co’s portfolio.

Kraft Heinz Co closed down -0.04 points or -0.05% at $88.75 with 24,27,983 shares getting traded on Monday. Post opening the session at $88.71, the shares hit an intraday low of $87.59 and an intraday high of $88.79 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 $0.85 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 .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 .

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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