Kraft Heinz Co (NASDAQ:KHC) shares traded -0.45% lower at $31.31 on Wall Street last session.
In accordance with the data, 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 $47.00 and a low of $33.00, we find $39.00. Given the previous closing price of $31.45, this indicates a potential upside of 24.01 percent. KHC stock price is now -5.73% away from the 50-day moving average and -15.67% away from the 200-day moving average. The market capitalization of the company currently stands at $38.46B.
It has been rated a hold by 14 analysts and a buy by 8. Brokers who have rated the stock have averaged $38.89 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 $2.34 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 $5.17 million. Insiders disposed of 1,116,264 shares of company stock worth roughly $34.95 million over the past 1 year. A total of 9.50% 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 $122,385,000. SQUAREPOINT OPS LLC invested $44,106,000 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 $17,976,000. CHILTON CAPITAL MANAGEMENT LLC acquired a new stake in KHC for approximately $13,959,000. TWINBEECH CAPITAL LP purchased a new stake in KHC valued at around $12,895,000 in the second quarter. In total, there are 1,561 active investors with 76.39% ownership of the company’s stock.
Kraft Heinz Co (NASDAQ: KHC) opened at $31.53 on Friday. During the past 12 months, Kraft Heinz Co has had a low of $30.68 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 $57.48B, which is based on a 12.24 price-to-earnings ratio, a 2.37 price-to-earnings-growth ratio, and a beta of 0.69. The fifty day moving average price for KHC is $33.15 and a two-hundred day moving average price translates $37.08 for the stock.
The latest earnings results from Kraft Heinz Co (NASDAQ: KHC) was released for Jun, 2023. 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.
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 5.11% 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%.
Kraft Heinz Co(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.
