The price of Kraft Heinz Co (NASDAQ:KHC) shares last traded on Wall Street rose 0.39% to $35.92.
KHC stock price is now -1.53% away from the 50-day moving average and 2.10% away from the 200-day moving average. The market capitalization of the company currently stands at $43.62B.
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With the price target of $43, Citigroup recently initiated with Buy rating for Kraft Heinz Co (NASDAQ: KHC). On December 11, 2023, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $40 to quote $42, while ‘Bernstein’ rates the stock as ‘Outperform’
In other news, La Lande Rashida, Chief Lgl & Corp Affairs Ofcr sold 10,140 shares of the company’s stock on May 06 ’24. The stock was sold for $364,552 at an average price of $35.95. Upon completion of the transaction, the Chief Lgl & Corp Affairs Ofcr now directly owns 158,266 shares in the company, valued at $5.68 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 12 ’24, Chief Omnich Sales & AEM Ofcr Onell Cory sold 14,289 shares of the business’s stock. A total of $494,717 was realized by selling the stock at an average price of $34.62. This leaves the insider owning 145,680 shares of the company worth $5.23 million. A total of 0.40% of the company’s stock is owned by insiders.
During the past 12 months, Kraft Heinz Co has had a low of $30.68 and a high of $39.34. As of last week, the company has a debt-to-equity ratio of 0.41, a current ratio of 1.09, and a quick ratio of 0.61. According to the stock market information, the enterprise value for the company is $62702592000, which is based on a 15.68 price-to-earnings ratio, a 3.86 price-to-earnings-growth ratio, and a beta of 0.56. The fifty day moving average price for KHC is $36.4956 and a two-hundred day moving average price translates $35.18415 for the stock.
The latest earnings results from Kraft Heinz Co (NASDAQ: KHC) was released for 2024-03-30. According to the Packaged Foods Company, earnings per share came in at 0.79, beating analysts’ expectations of 0.76 by 0.03. This compares to $0.68 EPS in the same period last year. The net profit margin was 10.62% and return on equity was 5.72% for KHC. The company reported revenue of $6.41 billion for the quarter, compared to $6.49 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.2 percent. For the current quarter, analysts expect KHC to generate $6.63B in revenue.
Kraft Heinz Co(KHC) Company Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie’s, Pudliszki, and Plasmon brands. It sells its products through its own sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative, and independent grocery accounts; convenience, value, and club stores; pharmacies and drug stores; mass merchants; foodservice distributors; institutions, including hotels, restaurants, bakeries, hospitals, health care facilities, and government agencies; and online through various e-commerce platforms and retailers. The company was formerly known as H.J. Heinz Holding Corporation and changed its name to The Kraft Heinz Company in July 2015. The Kraft Heinz Company was founded in 1869 and is based in Pittsburgh, Pennsylvania.
