The stock of The Kraft Heinz Company (NASDAQ:KHC) last traded at $34.55, up 0.47% from the previous session.
Data from the available sources indicates that The Kraft Heinz Company (NASDAQ:KHC) is covered by 22 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $50.00 and a low of $38.00, we find $40.50. Given the previous closing price of $34.39, this indicates a potential upside of 17.77 percent. KHC stock price is now -4.41% away from the 50-day moving average and -10.37% away from the 200-day moving average. The market capitalization of the company currently stands at $42.24B.
In total, 13 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $42.32 as their price target over the next twelve months.
In other news, La Lande Rashida, EVP, Global GC & CSCAO sold 16,453 shares of the company’s stock on Aug 07. The stock was sold for $577,007 at an average price of $35.07. Upon completion of the transaction, the EVP, Global GC & CSCAO now directly owns 206,243 shares in the company, valued at $7.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 05, EVP, Global GC & CSCAO La Lande Rashida sold 25,000 shares of the business’s stock. A total of $1,024,997 was realized by selling the stock at an average price of $41.00. This leaves the insider owning 234,084 shares of the company worth $8.09 million. Insiders disposed of 1,132,195 shares of company stock worth roughly $39.12 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KHC stock. A new stake in The Kraft Heinz Company shares was purchased by LIONTRUST INVESTMENT PARTNERS LLP during the first quarter worth $15,566,000. TREXQUANT INVESTMENT LP invested $12,214,000 in shares of KHC during the first quarter. In the first quarter, MANNING & NAPIER GROUP, LLC acquired a new stake in The Kraft Heinz Company valued at approximately $11,268,000. CENTRE ASSET MANAGEMENT, LLC acquired a new stake in KHC for approximately $7,509,000. M&G INVESTMENT MANAGEMENT LTD purchased a new stake in KHC valued at around $7,208,000 in the second quarter. In total, there are 1,561 active investors with 78.30% ownership of the company’s stock.
With an opening price of $34.43 on Friday morning, The Kraft Heinz Company (NASDAQ: KHC) set off the trading day. During the past 12 months, The Kraft Heinz Company has had a low of $32.73 and a high of $42.80. As of last week, the company has a debt-to-equity ratio of 0.40, a current ratio of 1.00, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $61.49B, which is based on a 13.51 price-to-earnings ratio, a 2.61 price-to-earnings-growth ratio, and a beta of 0.68. The fifty day moving average price for KHC is $36.07 and a two-hundred day moving average price translates $38.54 for the stock.
The latest earnings results from The Kraft Heinz Company (NASDAQ: KHC) was released for Jun, 2023. According to the Packaged Foods Company, earnings per share came in at $0.79, beating analysts’ expectations of $0.76 by 0.03. This compares to $0.21 EPS in the same period last year. The net profit margin was 11.70% and return on equity was 6.50% for KHC. The company reported revenue of $6.72 billion for the quarter, compared to $6.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.55 percent. For the current quarter, analysts expect KHC to generate $6.74B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 09/29/2023. Investors who held shares on 09/01/2023 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 4.63% percent yield. There was an ex-dividend date of 08/31/2023 for this dividend. In terms of dividend payout ratio, KHC is presently at 62.20%.
The Kraft Heinz Company(KHC) Company Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company also offers spices and other seasonings. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative, and independent grocery accounts; convenience, value, and club stores; pharmacies and drug stores; mass merchants; foodservice distributors; institutions, including hotels, restaurants, bakeries, hospitals, health care facilities, and government agencies; and online through various e-commerce platforms and retailers. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 1869 and is based in Pittsburgh, Pennsylvania.
