Regent Investment Management Lowers stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Regent Investment Management reduced its stake in Kraft Heinz Co by 5.21% during the most recent quarter end. The investment management company now holds a total of 20,829 shares of Kraft Heinz Co which is valued at $1,855,864 after selling 1,145 shares in Kraft Heinz Co , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Kraft Heinz Co makes up approximately 0.97% of Regent Investment Management’s portfolio.

Other Hedge Funds, Including , Independent Portfolio Consultants sold out all of its stake in KHC during the most recent quarter. The investment firm sold 560 shares of KHC which is valued $49,896.Davis R M Inc reduced its stake in KHC by selling 1,066 shares or 21.71% in the most recent quarter. The Hedge Fund company now holds 3,844 shares of KHC which is valued at $342,500. Kraft Heinz Co makes up approx 0.02% of Davis R M Inc’s portfolio.Neville Rodie Shaw Inc reduced its stake in KHC by selling 141 shares or 1.65% in the most recent quarter. The Hedge Fund company now holds 8,385 shares of KHC which is valued at $746,433. Kraft Heinz Co makes up approx 0.09% of Neville Rodie Shaw Inc’s portfolio.Capital Advisors Ltd. boosted its stake in KHC in the latest quarter, The investment management firm added 4 additional shares and now holds a total of 1,748 shares of Kraft Heinz Co which is valued at $155,607. Kraft Heinz Co makes up approx 0.07% of Capital Advisors Ltd.’s portfolio.

Kraft Heinz Co opened for trading at $89.08 and hit $89.3 on the upside on Monday, eventually ending the session at $89.1, with a gain of 0.27% or 0.24 points. The heightened volatility saw the trading volume jump to 17,69,351 shares. Company has a market cap of $108,342 M.

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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