As of Thursday close, The Kraft Heinz Company’s (NASDAQ:KHC) stock was down -$0.07, moving down -0.21 percent to $33.49. The average number of shares traded per day over the past five days has been 6,413,700 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.90 fall in that time frame. In the last twenty days, the average volume was 7,912,645, while in the previous 50 days, it was 7,718,460.
Since last month, KHC stock retreated -7.33%. Shares of the company fell to $33.39 on 08/17/23, the lowest level in the past month. A 52-week high of $42.80 was reached on 01/09/23 after having rallying from a 52-week low of $32.73. Since the beginning of this year, KHC’s stock price has dropped by -17.74% or -$7.22, and marked a new high 5 times. However, the stock has declined by -21.75% since its 52-week high.
KHC stock investors should be aware that The Kraft Heinz Company (KHC) stock had its last reported insider trading activity 11 days ago on Aug 07. La Lande Rashida, the EVP, Global GC & CSCAO of the company, disposed of 16,453 shares for $35.07 on Aug 07. It resulted in a $577,007 divestment by the insider. La Lande Rashida sold 25,000 shares at an average price of $41.00 on May 05. The insider now owns 234,084 shares following the transaction. On Feb 16, EVP & Global Chf Sply Chn Ofcr Torres Flavio sold 250,571 shares at $39.58 apiece. The transaction was valued at $9,918,452.
Valuation Metrics
Right now, The Kraft Heinz Company (KHC) has a P/E ratio of about 13.09. The stock’s beta is 0.68. Besides these, the trailing price-to-sales (P/S) ratio of 1.51, the price-to-book (PB) ratio of 0.83, and the price-to-cash flow ratio of 17.99 may also be considered.
The latest dividend of $0.40 per share was paid out, remained unchanged from last year’s $0.40. On Friday February 22 2019, a $0.2250 dividend decrease was announced.
Financial Health
In the three months ended June 29, The Kraft Heinz Company’s quick ratio stood at 0.50, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.39, and the total debt-to-equity ratio was 0.40. On the profitability front, the trailing twelve-month gross margin is 31.80% percent. In the year ended June 29, EBITDA margin amounted to 20.67%, whereas operating margins totaled 17.00%. Based on annual data, KHC earned $8.12 billion in gross profit and brought in $26.48 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 4.50%. Return on equity (ROE) for the past 12 months was 6.50%.
In The Kraft Heinz Company’s quarter-end financial report for June 29, it reported total debt of $19.37 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KHC’s revenue rose 2.48% to $6.49 billion during the quarter, while net income inched up to $6.72 billion. While analysts expected The Kraft Heinz Company to report $0.76 quarterly earnings, the actual figure was $0.79 per share, beating the consensus estimate by 3.90%. During the quarter, the company generated $1.59 billion in EBITDA. The liabilities of The Kraft Heinz Company were 40.98 billion at the end of its most recent quarter ended June 29, and its total debt was $20.05 billion. The value of shareholders’ equity is $1.23 billion.
Technical Picture
This quick technical analysis looks at The Kraft Heinz Company’s (KHC) price momentum. With a historical volatility rate of 8.90%, the RSI 9-day stood at 18.61% on 17 August.
With respect to its five-day moving average, the current The Kraft Heinz Company price is down by -2.62% percent or -$0.90. At present, KHC shares trade -7.99% below its 20-day simple moving average and -12.28% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.38% below its SMA50 and -14.00% below its SMA200.
Stochastic coefficient K was 2.00% and Stochastic coefficient D was 3.86%, while ATR was 0.49. Given the Stochastic reading of 3.24% for the 14-day period, the RSI (14) reading has been calculated as 24.28%. As of today, the MACD Oscillator reading stands at -0.62, while the 14-day reading stands at -1.20.
Analyst Ratings
The Kraft Heinz Company (KHC) has been rated Overweight by analysts. According to 0 brokerage firms, KHC is a sell, and 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate The Kraft Heinz Company stock as buy, with 8 recommending it as overweight.
With a median target price of $40.50, the current consensus forecast for the stock is $37.90 – $50.00. Based on these forecasts, analysts predict The Kraft Heinz Company (KHC) will achieve an average price target of $42.22.
