Hudson Valley Investment Advisors Inc Adv buys $4,129,676 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Hudson Valley Investment Advisors Inc Adv scooped up 452 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 11, 2016. The investment management firm now holds a total of 46,663 shares of Kraft Heinz Co which is valued at $4,129,676.Kraft Heinz Co makes up approximately 1.28% of Hudson Valley Investment Advisors Inc Adv’s portfolio.

Other Hedge Funds, Including , Dynamic Advisors Solutions reduced its stake in KHC by selling 238 shares or 5.47% in the most recent quarter. The Hedge Fund company now holds 4,116 shares of KHC which is valued at $364,266. Kraft Heinz Co makes up approx 0.14% of Dynamic Advisors Solutions’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in KHC in the latest quarter, The investment management firm added 603,422 additional shares and now holds a total of 862,816 shares of Kraft Heinz Co which is valued at $75,392,862. Kraft Heinz Co makes up approx 0.31% of Bnp Paribas Arbitrage Sa’s portfolio.West Oak Capital boosted its stake in KHC in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 1,549 shares of Kraft Heinz Co which is valued at $135,352. Kraft Heinz Co makes up approx 0.09% of West Oak Capital’s portfolio.

Kraft Heinz Co closed down -1.26 points or -1.42% at $87.24 with 25,08,653 shares getting traded on Tuesday. Post opening the session at $88.24, the shares hit an intraday low of $87.06 and an intraday high of $88.4999 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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