Ntv Asset Management Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Ntv Asset Management reduced its stake in Kraft Heinz Co by 33.39% during the most recent quarter end. The investment management company now holds a total of 15,817 shares of Kraft Heinz Co which is valued at $1,414,672 after selling 7,929 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Kraft Heinz Co makes up approximately 0.52% of Ntv Asset Management’s portfolio.

Other Hedge Funds, Including , Reynders Mcveigh Capital Management boosted its stake in KHC in the latest quarter, The investment management firm added 25 additional shares and now holds a total of 6,238 shares of Kraft Heinz Co which is valued at $553,872. Kraft Heinz Co makes up approx 0.08% of Reynders Mcveigh Capital Management’s portfolio.Lee Danner Bass Inc boosted its stake in KHC in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 57,802 shares of Kraft Heinz Co which is valued at $4,907,390. Kraft Heinz Co makes up approx 0.59% of Lee Danner Bass Inc’s portfolio.Msi Financial Services Inc boosted its stake in KHC in the latest quarter, The investment management firm added 15,304 additional shares and now holds a total of 57,139 shares of Kraft Heinz Co which is valued at $4,892,813. Kraft Heinz Co makes up approx 0.17% of Msi Financial Services Inc’s portfolio.Old Second National Bank Of Aurora boosted its stake in KHC in the latest quarter, The investment management firm added 74 additional shares and now holds a total of 2,933 shares of Kraft Heinz Co which is valued at $258,573. Kraft Heinz Co makes up approx 0.12% of Old Second National Bank Of Aurora’s portfolio.

Kraft Heinz Co closed down -0.48 points or -0.54% at $89.08 with 16,61,022 shares getting traded on Monday. Post opening the session at $89.71, the shares hit an intraday low of $88.85 and an intraday high of $89.89 and the price fluctuated in this range throughout the day.Shares ended Monday 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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