Does Kraft Heinz Co (NASDAQ:KHC) presents a BIG investment opportunity?

Stocks of Kraft Heinz Co (NASDAQ:KHC) traded higher last session on Wall Street, down -0.72% to $33.27.

According to the data, Kraft Heinz Co (NASDAQ:KHC) has 22 analysts covering its stock. 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 $37.00. Given the previous closing price of $33.51, this indicates a potential upside of 10.41 percent. KHC stock price is now 1.37% away from the 50-day moving average and -9.15% away from the 200-day moving average. The market capitalization of the company currently stands at $40.81B.

A total of 13 analysts have issued a hold rating and 8 have given it a buy rating. Brokers who have rated the stock have averaged $37.94 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 $2.49 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 $5.5 million. Insiders disposed of 1,116,264 shares of company stock worth roughly $37.14 million over the past 1 year. A total of 9.50% of the company’s stock is owned by insiders.

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 1.00, and a quick ratio of 0.52. According to the stock market information, the enterprise value for the company is $59.63B, which is based on a 13.74 price-to-earnings ratio, a 2.66 price-to-earnings-growth ratio, and a beta of 0.70. The fifty day moving average price for KHC is $32.81 and a two-hundred day moving average price translates $36.59 for the stock.

The latest earnings results from Kraft Heinz Co (NASDAQ: KHC) was released for Sep, 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 $0.35 EPS in the same period last year. The net profit margin was 11.00% and return on equity was 6.13% for KHC. The company reported revenue of $6.57 billion for the quarter, compared to $6.5 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.0 percent. For the current quarter, analysts expect KHC to generate $6.34B in revenue.

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.

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