In yesterday’s Wall Street session, Kraft Heinz Co (NASDAQ:KHC) shares traded at $32.95, up 0.95% from the previous session.
KHC stock price is now -7.91% away from the 50-day moving average and -6.47% away from the 200-day moving average. The market capitalization of the company currently stands at $40.01B.
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With the price target maintained at $42, Piper Sandler recently Upgraded its rating from Neutral to Overweight for Kraft Heinz Co (NASDAQ: KHC). On February 01, 2024, Citigroup recently initiated its ‘Buy’ rating on the stock quoting a target price of $43, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, La Lande Rashida, Chief Lgl & Corp Affairs Ofcr sold 8,017 shares of the company’s stock on Jun 03 ’24. The stock was sold for $283,589 at an average price of $35.37. Upon completion of the transaction, the Chief Lgl & Corp Affairs Ofcr now directly owns 140,329 shares in the company, valued at $4.62 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 06 ’24, Chief Lgl & Corp Affairs Ofcr La Lande Rashida sold 10,140 shares of the business’s stock. A total of $364,552 was realized by selling the stock at an average price of $35.95. This leaves the insider owning 158,266 shares of the company worth $5.21 million. A total of 0.39% 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 $38.96. 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 $59096125440, which is based on a 14.38 price-to-earnings ratio, a 3.57 price-to-earnings-growth ratio, and a beta of 0.52. The fifty day moving average price for KHC is $35.7034 and a two-hundred day moving average price translates $35.23205 for the stock.
The latest earnings results from Kraft Heinz Co (NASDAQ: KHC) was released for 2024-03-30. 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.
