Greenwood Gearhart Inc Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Greenwood Gearhart Inc reduced its stake in Kraft Heinz Co by 2.03% during the most recent quarter end. The investment management company now holds a total of 76,412 shares of Kraft Heinz Co which is valued at $6,843,459 after selling 1,583 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Kraft Heinz Co makes up approximately 2.76% of Greenwood Gearhart Inc’s portfolio.

Other Hedge Funds, Including , L S Advisors Inc boosted its stake in KHC in the latest quarter, The investment management firm added 34,574 additional shares and now holds a total of 84,873 shares of Kraft Heinz Co which is valued at $7,601,226. Kraft Heinz Co makes up approx 1.67% of L S Advisors Inc’s portfolio.Private Wealth Advisors boosted its stake in KHC in the latest quarter, The investment management firm added 531 additional shares and now holds a total of 5,293 shares of Kraft Heinz Co which is valued at $466,631. Kraft Heinz Co makes up approx 0.22% of Private Wealth Advisors’s portfolio.Rockland Trust Co boosted its stake in KHC in the latest quarter, The investment management firm added 650 additional shares and now holds a total of 5,682 shares of Kraft Heinz Co which is valued at $500,925. Kraft Heinz Co makes up approx 0.08% of Rockland Trust Co’s portfolio.

Kraft Heinz Co closed down -0.01 points or -0.01% at $89.48 with 22,15,474 shares getting traded on Thursday. Post opening the session at $89.57, the shares hit an intraday low of $88.54 and an intraday high of $89.71 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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