In yesterday’s Wall Street session, Kraft Heinz Co (NASDAQ:KHC) shares traded at $34.50, up 0.52% from the previous session.
As of this writing, 22 analysts cover Kraft Heinz Co (NASDAQ:KHC). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $48.00 and a low of $35.00, we find $40.00. Given the previous closing price of $34.32, this indicates a potential upside of 16.55 percent. KHC stock price is now 0.31% away from the 50-day moving average and -8.78% away from the 200-day moving average. The market capitalization of the company currently stands at $42.38B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
There are 14 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $40.57 as their price target over the next twelve months.
With the price target of $38, HSBC Securities recently initiated with Hold rating for Kraft Heinz Co (NASDAQ: KHC).
In other news, Garlati Vince, VP, Global Controller (PAO) sold 22,969 shares of the company’s stock on Aug 17. The stock was sold for $770,948 at an average price of $33.56. Upon completion of the transaction, the VP, Global Controller (PAO) now directly owns 74,832 shares in the company, valued at $2.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 17, EVP, Global GC & CSCAO La Lande Rashida sold 10,994 shares of the business’s stock. A total of $368,854 was realized by selling the stock at an average price of $33.55. This leaves the insider owning 165,268 shares of the company worth $5.7 million. Insiders disposed of 942,726 shares of company stock worth roughly $32.52 million over the past 1 year. A total of 9.52% 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 Kraft Heinz Co shares was purchased by HOLOCENE ADVISORS, LP during the first quarter worth $134,854,000. SQUAREPOINT OPS LLC invested $48,600,000 in shares of KHC during the first quarter. In the first quarter, MARSHALL WACE, LLP acquired a new stake in Kraft Heinz Co valued at approximately $19,807,000. CHILTON CAPITAL MANAGEMENT LLC acquired a new stake in KHC for approximately $15,381,000. TWINBEECH CAPITAL LP purchased a new stake in KHC valued at around $14,208,000 in the second quarter. In total, there are 1,561 active investors with 76.62% ownership of the company’s stock.
Tuesday morning saw Kraft Heinz Co (NASDAQ: KHC) opened at $34.32. During the past 12 months, Kraft Heinz Co has had a low of $32.42 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 0.95, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $61.43B, which is based on a 13.48 price-to-earnings ratio, a 2.61 price-to-earnings-growth ratio, and a beta of 0.66. The fifty day moving average price for KHC is $34.37 and a two-hundred day moving average price translates $37.79 for the stock.
The latest earnings results from Kraft Heinz Co (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 11.65% and return on equity was 6.41% 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 4.64% 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 83.62%.
