The Kraft Heinz Company (NASDAQ:KHC) saw a downside of -1.54% to close Tuesday at $34.46 after subtracting -$0.54 on the day. The 5-day average trading volume is 8,615,260 shares of the company’s common stock. It has gained $36.47 in the past week and touched a new high 2 times within the past 5 days. An average of 8,152,830 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 8,041,396.
KHC’s 1-month performance is -2.66% or -$1.00 on its low of $34.21 reached on 08/08/23. The company’s shares have touched a 52-week low of $32.73 and high of $42.80, with the stock’s rally to the 52-week high happening on 01/09/23. YTD, KHC has lost -15.35% or -$6.25 and has reached a new high 5 times. However, the current price is down -19.49% from the 52-week high price.
Insider Transactions
KHC stock investors last saw insider trading activity on May 05.La Lande Rashida (EVP, Global GC & CSCAO) most recently sold 25,000 shares at $41.00 per share on May 05. This transaction cost the insider $1,024,997. EVP & Global Chf Sply Chn Ofcr, Torres Flavio, sold 250,571 shares at a price of $39.58 on Feb 16. Then, on Jan 09, EVP & Global Chief People Ofcr Werneck Melissa sold 3,500 shares at a price of $42.39 per share. This transaction amounted to $148,365.
Valuation Metrics
KHC stock has a beta of 0.67. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.57 while the price-to-book (PB) in the most recent quarter is 0.85, with the price to cash flow ratio at 135.79.
The Kraft Heinz Company’s quick ratio for the period ended June 29 was 0.50, with the current ratio over the same period at 1.00. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.39, while the total debt to equity was 0.40.. In terms of profitability, the gross margin trailing 12 months is 31.80%. The trailing 12-month EBITDA margin is 20.67% while for the period ending June 29, The Kraft Heinz Company’s operating margin was 17.00%. The firm’s gross profit as reported stood at $8.12 billion against revenue of $26.48 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 73.5% to $1000.0 million, while revenue of $836.0 million was 16.4% off the previous quarter. Analysts expected KHC to announce $0.69 per share in earnings in its latest quarter, but it posted $0.72, representing a 4.30% surprise. EBITDA for the quarter stood at more than $1.59 billion. KHC stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 40.98 billion, with total debt at $20.05 billion. Shareholders hold equity totaling $1.23 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 08 August was 24.11% to suggest the stock is trending oversold, with historical volatility in this time period at 13.40%.
The stock’s 5-day moving average is $35.33, reflecting a -3.96% or -$1.42 change from its current price. KHC is currently trading -3.28% above its 20-day SMA, -9.58% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -9.93% and SMA200 by-5.04%.
Stochastic %K and %D was 5.29% and 16.23% and the average true range (ATR) pointed at 0.58. The RSI (14) points at 29.75%, while the 14-day stochastic is at 10.16% with the period’s ATR at 0.55. The stock’s 9-day MACD Oscillator is pointing at -0.76 and -1.02 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for KHC stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate KHC as a “sell,”, while 13 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 8 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 $38.00 and a high of $50.00, with their median price target at $40.50. Looking at these predictions, the average price target given by analysts is for The Kraft Heinz Company (KHC) stock is $42.32.
