The price of Kraft Heinz Co (NASDAQ:KHC) shares last traded on Wall Street rose 3.22% to $31.13.
KHC stock price is now 4.09% away from the 50-day moving average and -5.85% away from the 200-day moving average. The market capitalization of the company currently stands at $37.20B.
With the price target reduced from $34 to $28, Citigroup Downgraded its rating from Buy to Neutral for Kraft Heinz Co (NASDAQ: KHC). On February 13, 2025, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Underperform’ on the stock reducing its target price from $36 to quote $30, while ‘Mizuho’ rates the stock as ‘Neutral’
In other news, Navio Pedro F P, EVP & Pres. North America sold 45,000 shares of the company’s stock on Nov 05 ’24. The stock was sold for $1,505,362 at an average price of $33.45. Upon completion of the transaction, the EVP & Pres. North America now directly owns 168,195 shares in the company, valued at $5.24 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Officer PEDRO FRANCISCO PREZENCO NAVIO bought 45,000 shares of the business’s stock. A total of $1,505,362 was incurred on buying the stock at an average price of $33.45. A total of 0.60% of the company’s stock is owned by insiders.
During the past 12 months, Kraft Heinz Co has had a low of $27.25 and a high of $38.96. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.06, and a quick ratio of 0.59.
The net profit margin was 10.62% and return on equity was 5.56% for KHC. The company reported revenue of $6.58 billion for the quarter, compared to $6.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.14 percent.
