Confluence Investment Management buys $61,169,705 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Confluence Investment Management scooped up 27,154 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 26, 2016. The investment management firm now holds a total of 714,349 shares of Kraft Heinz Co which is valued at $61,169,705.Kraft Heinz Co makes up approximately 1.64% of Confluence Investment Management’s portfolio.

Other Hedge Funds, Including , Umb Bank N Amo boosted its stake in KHC in the latest quarter, The investment management firm added 3,690 additional shares and now holds a total of 232,369 shares of Kraft Heinz Co which is valued at $19,897,757. Kraft Heinz Co makes up approx 0.82% of Umb Bank N Amo’s portfolio.Winslow Evans Crocker boosted its stake in KHC in the latest quarter, The investment management firm added 5,325 additional shares and now holds a total of 9,596 shares of Kraft Heinz Co which is valued at $845,983. Kraft Heinz Co makes up approx 0.24% of Winslow Evans Crocker’s portfolio.First American Bank reduced its stake in KHC by selling 769 shares or 1.42% in the most recent quarter. The Hedge Fund company now holds 53,559 shares of KHC which is valued at $4,721,761. Kraft Heinz Co makes up approx 0.46% of First American Bank’s portfolio.Ferguson Wellman Capital Management Inc reduced its stake in KHC by selling 1,299 shares or 31.04% in the most recent quarter. The Hedge Fund company now holds 2,886 shares of KHC which is valued at $257,143. Kraft Heinz Co makes up approx 0.01% of Ferguson Wellman Capital Management Inc’s portfolio. First American Trust Fsb added KHC to its portfolio by purchasing 42,565 company shares during the most recent quarter which is valued at $3,824,465. Kraft Heinz Co makes up approx 1.33% of First American Trust Fsb’s portfolio.

Kraft Heinz Co opened for trading at $86.23 and hit $86.63 on the upside on Friday, eventually ending the session at $86.39, with a gain of 0.50% or 0.43 points. The heightened volatility saw the trading volume jump to 17,78,876 shares. Company has a market cap of $105,046 M.

On the company’s financial health, Kraft Heinz Co reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.12 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.61. The company had revenue of $6570.00 million for the quarter, compared to analysts expectations of $6463.10 million. The company’s revenue was down -3.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Kraft Heinz Co. 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 .Company shares were Reiterated by RBC Capital Mkts on May 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 92 from a previous price target of $88 .Company shares were Reiterated by UBS on May 5, 2016 to “Buy”, Firm has raised the Price Target to $ 92 from a previous price target of $87 .

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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