The stock of The Kraft Heinz Company (NASDAQ:KHC) decreased by -$0.01 on Monday to finish at $33.84, down -0.03 percent. The last five days have seen an average of 6,867,440 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$6.87. The average number of shares traded over the last 20 days was 7,133,145, while the average volume over the last 50 days totaled 7,556,250.
KHC stock dropped -6.42% since last month. On 08/22/23, the company’s shares reached a one-month low of $33.22. The stock touched a high of $42.80 on 01/09/23, after rallying from a low of $32.73 in 52 weeks. The price of KHC stock has declined by -16.88% or -$6.87 this year, reaching a new high 5 times. Still, the stock price is down -20.93% from the 52-week high.
Insider Transactions
KHC stock investors should be aware that The Kraft Heinz Company (KHC) stock had its last reported insider trading activity 12 days ago on Aug 17. On Aug 17, VP, Global Controller (PAO) Garlati Vince sold 22,969 shares at $33.56 each. This transaction resulted in the insider making $770,948. On Aug 17, La Lande Rashida sold 10,994 shares at a price of US$33.55. After the transaction, the insider now owns 165,268 shares. EVP, Global GC & CSCAO La Lande Rashida had earlier sold 16,453 shares on Aug 07 for $35.07 a share. The transaction was completed for $577,007.
Valuation Metrics
The Kraft Heinz Company (KHC) has a trailing price-to-earnings (P/E) ratio of 13.23. Beta for the stock is 0.68. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.52, the price-to-book (PB) ratio of 0.83, and the price-to-cash flow ratio of 18.08.
Company paid $0.40 per share in dividends, remained unchanged from $0.40 last year. A $0.2250 dividend decrease was reported on Friday February 22 2019.
Financial Health
For the three months ended June 29, The Kraft Heinz Company’s quick ratio was 0.50, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.39, and the total debt to equity ratio is 0.40. As far as profitability goes, gross margin for the trailing twelve months is 31.80% percent. The Kraft Heinz Company’s EBITDA margin for the year ended June 29 was 20.67%, whereas its operating margin stood at 17.00% for the same period. Based on annual data, it had gross profit of $8.12 billion and revenue of $26.48 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KHC’s return on assets (ROA) during the last 12 months has been 3.50%. There was a 4.50% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 6.50%.
Earnings Surprise
According to The Kraft Heinz Company’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $6.72 billion, while revenues rose by 2.48% to $6.49 billion. It was predicted that The Kraft Heinz Company’s quarterly earnings would be $0.79, but it ended up being $0.76, beating the consensus by 3.90%. EBITDA was $1.59 billion for the quarter. At the end of The Kraft Heinz Company’s most recent quarter ended June 29, its liabilities totaled 40.98 billion, while its total debt was $20.05 billion. Equity owned by shareholders amounts to $1.23 billion.
Technical Picture
Here’s a quick look at The Kraft Heinz Company’s (KHC) price momentum from a technical perspective. As of 28 August, the RSI 9-day stood at 41.28%, suggesting the stock is Neutral, with a 8.39% historical volatility rate.
The stochastic %K and %D were 29.48% and 19.63% respectively, while the average true range (ATR) was 0.44. Based on the 14-day stochastic reading of 38.34%, the RSI (14) reading is 37.44%. On the 9-day MACD Oscillator, the stock is at 0.16, and the 14-day reading is at -0.10.
Analyst Ratings
Analysts have assigned The Kraft Heinz Company (KHC) an Overweight rating. KHC is a stock that is recommended for selling by 0 brokerage firms, while 13 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 9 others recommend it as a buy.
What is KHC’s price target for the next 12 months?
The current consensus forecast for the stock is between $37.90 and $50.00, with a median target price of $40.50. In analyzing these forecasts, the average price target given by analysts for The Kraft Heinz Company (KHC) is $42.22.
