Kraft Heinz Co (KHC) : Madden Advisory Services added new position in Kraft Heinz Co during the most recent quarter end. The investment management firm now holds 3,529 shares of Kraft Heinz Co which is valued at $315,634 , the company said in a statement filed on Aug 9, 2016 with the SEC.Kraft Heinz Co makes up approximately 0.19% of Madden Advisory Services’s portfolio.
Other Hedge Funds, Including , Mark Sheptoff Financial Planning reduced its stake in KHC by selling 31 shares or 0.2% in the most recent quarter. The Hedge Fund company now holds 15,624 shares of KHC which is valued at $1,397,411. Kraft Heinz Co makes up approx 1.04% of Mark Sheptoff Financial Planning’s portfolio.Schooner Investment Group. reduced its stake in KHC by selling 2,500 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 2,500 shares of KHC which is valued at $223,600. Kraft Heinz Co makes up approx 0.53% of Schooner Investment Group.’s portfolio. Insight Capital Research Management Inc added KHC to its portfolio by purchasing 39,744 company shares during the most recent quarter which is valued at $3,403,279. Kraft Heinz Co makes up approx 1.13% of Insight Capital Research Management Inc’s portfolio.Huntington National Bank reduced its stake in KHC by selling 27,508 shares or 51.58% in the most recent quarter. The Hedge Fund company now holds 25,826 shares of KHC which is valued at $2,211,480. Kraft Heinz Co makes up approx 0.05% of Huntington National Bank’s portfolio.
Kraft Heinz Co opened for trading at $89.05 and hit $89.47 on the upside on Wednesday, eventually ending the session at $89.41, with a gain of 0.51% or 0.45 points. The heightened volatility saw the trading volume jump to 18,32,898 shares. Company has a market cap of $108,870 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.
Investors should note that on Aug 4, 2016, Kraft Heinz Co announced a cash dividend of $0.6000. The company’s management has announced Aug 24, 2016 as the ex-dividend date and fixed the record date on Aug 26, 2016. The payable date has been fixed on Oct 7, 2016.
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.