Shelton Capital Management buys $6,704,723 stake in Kraft Heinz Co (KHC)

Kraft Heinz Co (KHC) : Shelton Capital Management scooped up 4,700 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 1, 2016. The investment management firm now holds a total of 78,972 shares of Kraft Heinz Co which is valued at $6,704,723.Kraft Heinz Co makes up approximately 0.58% of Shelton Capital Management’s portfolio.

Other Hedge Funds, Including , 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.Bbva Compass Bancshares Inc boosted its stake in KHC in the latest quarter, The investment management firm added 746 additional shares and now holds a total of 15,193 shares of Kraft Heinz Co which is valued at $1,312,523. Kraft Heinz Co makes up approx 0.10% of Bbva Compass Bancshares Inc’s portfolio.New York State Teachers Retirement System reduced its stake in KHC by selling 3,885 shares or 0.36% in the most recent quarter. The Hedge Fund company now holds 1,070,976 shares of KHC which is valued at $94,417,244. Kraft Heinz Co makes up approx 0.24% of New York State Teachers Retirement System’s portfolio.Jacobs Coca boosted its stake in KHC in the latest quarter, The investment management firm added 6,664 additional shares and now holds a total of 34,672 shares of Kraft Heinz Co which is valued at $3,086,501. Kraft Heinz Co makes up approx 0.71% of Jacobs Coca’s portfolio.

Kraft Heinz Co opened for trading at $85.13 and hit $85.64 on the upside on Thursday, eventually ending the session at $85.54, with a gain of 0.75% or 0.64 points. The heightened volatility saw the trading volume jump to 32,21,770 shares. Company has a market cap of $104,013 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 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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