Raymond James Financial Services Advisors buys $42,445,439 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Raymond James Financial Services Advisors scooped up 45,406 additional shares in Kraft Heinz Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 473,933 shares of Kraft Heinz Co which is valued at $42,445,439.Kraft Heinz Co makes up approximately 0.40% of Raymond James Financial Services Advisors’s portfolio.

Other Hedge Funds, Including , Third Point sold out all of its stake in KHC during the most recent quarter. The investment firm sold 500,000 shares of KHC which is valued $44,780,000. Suffolk Capital Management sold out all of its stake in KHC during the most recent quarter. The investment firm sold 106,410 shares of KHC which is valued $9,517,310.Boston Private Wealth reduced its stake in KHC by selling 4,566 shares or 3.29% in the most recent quarter. The Hedge Fund company now holds 134,273 shares of KHC which is valued at $11,399,778. Kraft Heinz Co makes up approx 0.45% of Boston Private Wealth’s portfolio.Parasol Investment Management reduced its stake in KHC by selling 275 shares or 9.04% in the most recent quarter. The Hedge Fund company now holds 2,766 shares of KHC which is valued at $246,451. Kraft Heinz Co makes up approx 0.25% of Parasol Investment Management’s portfolio.

Kraft Heinz Co opened for trading at $88.35 and hit $88.81 on the upside on Monday, eventually ending the session at $88.57, with a gain of 0.45% or 0.4 points. The heightened volatility saw the trading volume jump to 16,85,105 shares. Company has a market cap of $107,847 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.

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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