Weekly Performance Analysis for The Kraft Heinz Company (KHC)

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The Kraft Heinz Company (NASDAQ:KHC) saw an upside of 0.95% to close Monday at $40.26 after adding $0.38 on the day. The 5-day average trading volume is 10,983,420 shares of the company’s common stock. It has gained $42.62 in the past week and touched a new high 1 time within the past 5 days. An average of 7,511,095 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 6,784,790.

KHC’s 1-month performance is 1.18% or -$0.26 on its low of $39.31 reached on 01/20/23. The company’s shares have touched a 52-week low of $32.73 and high of $44.87, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, KHC has lost -1.11% or -$0.45 and has reached a new high 5 times. However, the current price is down -10.27% from the 52-week high price.

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Insider Transactions

KHC stock investors last saw insider trading activity on Jan 09.Werneck Melissa (EVP & Global Chief People Ofcr) most recently sold 3,500 shares at $42.39 per share on Jan 09. This transaction cost the insider $148,365. EVP & Glb Chief Procurement Of, Lima Marcos Eloi, sold 23,939 shares at a price of $40.00 on Dec 01. Then, on Aug 19, EVP, Global GC & CSCAO La Lande Rashida sold 30,000 shares at a price of $38.36 per share. This transaction amounted to $1,150,803.

Valuation Metrics

KHC stock has a beta of 0.74. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.92 while the price-to-book (PB) in the most recent quarter is 1.03, with the price to cash flow ratio at 31.12.

The Kraft Heinz Company’s quick ratio for the period ended September 29 was 0.50, with the current ratio over the same period at 0.90. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.40, while the total debt to equity was 0.42. In terms of profitability, the gross margin trailing 12 months is 31.10%. The firm’s gross profit as reported stood at $8.68 billion against revenue of $26.04 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -69.68% to $432.0 million, while revenue of $265.0 million was 38.66% off the previous quarter. Analysts expected KHC to announce $0.56 per share in earnings in its latest quarter, but it posted $0.63, representing a 12.50% surprise. EBITDA for the quarter stood at more than $976.0 million. KHC stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 41.69 billion, with total debt at $21.13 billion. Shareholders hold equity totaling $1.22 billion.

Let’s look briefly at The Kraft Heinz Company (KHC) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 23 January was 40.40% to suggest the stock is trending Neutral, with historical volatility in this time period at 34.22%.

The stock’s 5-day moving average is $40.43, reflecting a -5.09% or -$2.16 change from its current price. KHC is currently trading +0.20% above its 20-day SMA, +5.70% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.67% and SMA200 by+1.69%.

Stochastic %K and %D was 19.53% and 21.35% and the average true range (ATR) pointed at 0.77. The RSI (14) points at 45.62%, while the 14-day stochastic is at 27.32% with the period’s ATR at 0.74. The stock’s 9-day MACD Oscillator is pointing at -1.26 and -1.37 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for The Kraft Heinz Company (NASDAQ: KHC), Wells Fargo launched coverage with an Equal weight rating. Analysts offering their rating for KHC stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate KHC as a “sell,”, while 12 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 7 have offered a “buy” rating.

What is KHC’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $36.00 and a high of $50.00, with their median price target at $43.00. Looking at these predictions, the average price target given by analysts is for The Kraft Heinz Company (KHC) stock is $43.03.


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