Loeb Partners Corp Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Loeb Partners Corp reduced its stake in Kraft Heinz Co by 0.57% during the most recent quarter end. The investment management company now holds a total of 121,350 shares of Kraft Heinz Co which is valued at $10,698,216 after selling 700 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Kraft Heinz Co makes up approximately 3.47% of Loeb Partners Corp’s portfolio.

Other Hedge Funds, Including , Duncker Streett Co Inc boosted its stake in KHC in the latest quarter, The investment management firm added 1 additional shares and now holds a total of 2,311 shares of Kraft Heinz Co which is valued at $203,738. Kraft Heinz Co makes up approx 0.07% of Duncker Streett Co Inc’s portfolio.Regentatlantic Capital reduced its stake in KHC by selling 94 shares or 0.43% in the most recent quarter. The Hedge Fund company now holds 21,713 shares of KHC which is valued at $1,914,435. Kraft Heinz Co makes up approx 0.18% of Regentatlantic Capital’s portfolio.Trust Co Of Virginia Va reduced its stake in KHC by selling 20 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 4,896 shares of KHC which is valued at $436,234. Kraft Heinz Co makes up approx 0.07% of Trust Co Of Virginia Va’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.

Kraft Heinz Co closed down -0.8 points or -0.90% at $88.17 with 22,29,505 shares getting traded on Wednesday. Post opening the session at $88.87, the shares hit an intraday low of $87.94 and an intraday high of $88.95 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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