Kraft Heinz Co (KHC) : Msi Financial Services Inc reduced its stake in Kraft Heinz Co by 15.03% during the most recent quarter end. The investment management company now holds a total of 48,550 shares of Kraft Heinz Co which is valued at $4,226,278 after selling 8,589 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Kraft Heinz Co makes up approximately 0.15% of Msi Financial Services Inc’s portfolio.
Other Hedge Funds, Including , Investment Management Of Virginia reduced its stake in KHC by selling 559 shares or 2.26% in the most recent quarter. The Hedge Fund company now holds 24,147 shares of KHC which is valued at $2,101,996. Kraft Heinz Co makes up approx 0.53% of Investment Management Of Virginia’s portfolio.Legal General Group Plc boosted its stake in KHC in the latest quarter, The investment management firm added 23,697 additional shares and now holds a total of 2,630,109 shares of Kraft Heinz Co which is valued at $229,450,709. Kraft Heinz Co makes up approx 0.24% of Legal General Group Plc’s portfolio.Nisa Investment Advisors boosted its stake in KHC in the latest quarter, The investment management firm added 8,625 additional shares and now holds a total of 201,005 shares of Kraft Heinz Co which is valued at $17,535,676. Kraft Heinz Co makes up approx 0.23% of Nisa Investment Advisors’s portfolio. Sadoff Investment Management sold out all of its stake in KHC during the most recent quarter. The investment firm sold 2,271 shares of KHC which is valued $198,485.Chevy Chase Trust Holdings reduced its stake in KHC by selling 11,770 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 506,589 shares of KHC which is valued at $44,265,747. Kraft Heinz Co makes up approx 0.24% of Chevy Chase Trust Holdings’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.