Community Financial Services Group Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Community Financial Services Group reduced its stake in Kraft Heinz Co by 2.12% during the most recent quarter end. The investment management company now holds a total of 19,415 shares of Kraft Heinz Co which is valued at $1,648,334 after selling 420 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Kraft Heinz Co makes up approximately 0.79% of Community Financial Services Group’s portfolio.

Other Hedge Funds, Including , Cibc Asset Management Inc reduced its stake in KHC by selling 34,347 shares or 19.79% in the most recent quarter. The Hedge Fund company now holds 139,245 shares of KHC which is valued at $11,821,901. Kraft Heinz Co makes up approx 0.09% of Cibc Asset Management Inc’s portfolio.Beck Mack Oliver boosted its stake in KHC in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 4,743 shares of Kraft Heinz Co which is valued at $409,748. Kraft Heinz Co makes up approx 0.01% of Beck Mack Oliver’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.Private Bank Trust Co boosted its stake in KHC in the latest quarter, The investment management firm added 230 additional shares and now holds a total of 15,014 shares of Kraft Heinz Co which is valued at $1,337,747. Kraft Heinz Co makes up approx 0.20% of Private Bank 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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