The price of Kraft Heinz Co (NASDAQ:KHC) shares last traded on Wall Street rose 0.83% to $29.31.
KHC stock price is now -4.45% away from the 50-day moving average and -13.31% away from the 200-day moving average. The market capitalization of the company currently stands at $35.44B.
With the price target reduced from $38 to $35, Evercore ISI Downgraded its rating from Outperform to In-line for Kraft Heinz Co (NASDAQ: KHC). On November 19, 2024, Piper Sandler Downgraded its previous ‘Overweight’ rating to ‘Neutral’ on the stock reducing its target price from $40 to quote $35, while ‘Deutsche Bank’ rates the stock as ‘Hold’
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 $4.93 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 0.39% of the company’s stock is owned by insiders.
During the past 12 months, Kraft Heinz Co has had a low of $28.37 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 0.56. According to the stock market information, the enterprise value for the company is $54388916224, which is based on a 26.32 price-to-earnings ratio, a 10.70 price-to-earnings-growth ratio, and a beta of 0.45. The fifty day moving average price for KHC is $30.6766 and a two-hundred day moving average price translates $33.81015 for the stock.
The latest earnings results from Kraft Heinz Co (NASDAQ: KHC) was released for 2024-09-28. The net profit margin was 5.24% and return on equity was 2.81% for KHC. The company reported revenue of $6.38 billion for the quarter, compared to $6.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.85 percent.
