Fjarde Ap-fonden Fourth Swedish National Pension Fund buys $12,696,264 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Fjarde Ap-fonden Fourth Swedish National Pension Fund scooped up 4,200 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 143,412 shares of Kraft Heinz Co which is valued at $12,696,264.Kraft Heinz Co makes up approximately 0.28% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.

Other Hedge Funds, Including , First Premier Bank boosted its stake in KHC in the latest quarter, The investment management firm added 393 additional shares and now holds a total of 10,109 shares of Kraft Heinz Co which is valued at $879,988. Kraft Heinz Co makes up approx 0.67% of First Premier Bank’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in KHC by selling 21,659 shares or 26.03% in the most recent quarter. The Hedge Fund company now holds 61,555 shares of KHC which is valued at $5,447,618. Kraft Heinz Co makes up approx 0.12% of Oregon Public Employees Retirement Fund’s portfolio.Oliver Luxxe Assets boosted its stake in KHC in the latest quarter, The investment management firm added 3,196 additional shares and now holds a total of 38,351 shares of Kraft Heinz Co which is valued at $3,351,877. Kraft Heinz Co makes up approx 2.65% of Oliver Luxxe Assets’s portfolio. Harbour Capital Advisors sold out all of its stake in KHC during the most recent quarter. The investment firm sold 5,800 shares of KHC which is valued $506,804.

Kraft Heinz Co opened for trading at $87.34 and hit $88.7 on the upside on Friday, eventually ending the session at $88.53, with a gain of 1.70% or 1.48 points. The heightened volatility saw the trading volume jump to 23,88,906 shares. Company has a market cap of $107,799 M.

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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