In yesterday’s Wall Street session, Kraft Heinz Co (NASDAQ:KHC) shares traded at $31.44, down -1.32% 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 $47.00 and a low of $32.00, we find $39.00. Given the previous closing price of $31.86, this indicates a potential upside of 22.41 percent. KHC stock price is now -4.62% away from the 50-day moving average and -14.72% away from the 200-day moving average. The market capitalization of the company currently stands at $38.62B.
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 $38.47 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 $2.35 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 $5.2 million. Insiders disposed of 1,116,264 shares of company stock worth roughly $35.1 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 $122,893,000. SQUAREPOINT OPS LLC invested $44,289,000 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 $18,050,000. CHILTON CAPITAL MANAGEMENT LLC acquired a new stake in KHC for approximately $14,017,000. TWINBEECH CAPITAL LP purchased a new stake in KHC valued at around $12,948,000 in the second quarter. In total, there are 1,561 active investors with 76.47% ownership of the company’s stock.
Friday morning saw Kraft Heinz Co (NASDAQ: KHC) opened at $31.77. 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 $57.67B, which is based on a 12.29 price-to-earnings ratio, a 2.40 price-to-earnings-growth ratio, and a beta of 0.69. The fifty day moving average price for KHC is $32.92 and a two-hundred day moving average price translates $36.81 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 $6.34B 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 5.09% 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%.
