In yesterday’s Wall Street session, Kraft Heinz Co (NASDAQ:KHC) shares traded at $34.82, down -1.08% from the previous session.
KHC stock price is now 4.04% away from the 50-day moving average and -1.15% away from the 200-day moving average. The market capitalization of the company currently stands at $42.10B.
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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, Onell Cory, Officer bought 4,076 shares of the company’s stock on Aug 02 ’24. The stock was bought for $146,736 at an average price of $36.00. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 02 ’24, Chief Omnich Sales & AEM Ofcr Onell Cory sold 4,076 shares of the business’s stock. A total of $146,736 was realized by selling the stock at an average price of $36.00. This leaves the insider owning 143,970 shares of the company worth $5.01 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 1.01, and a quick ratio of 0.53. According to the stock market information, the enterprise value for the company is $61729579008, which is based on a 22.24 price-to-earnings ratio, a 6.04 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for KHC is $33.4482 and a two-hundred day moving average price translates $35.24145 for the stock.
The latest earnings results from Kraft Heinz Co (NASDAQ: KHC) was released for 2024-06-29. The net profit margin was 7.30% and return on equity was 3.89% for KHC. The company reported revenue of $6.48 billion for the quarter, compared to $6.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.65 percent. For the current quarter, analysts expect KHC to generate $6.46B in revenue.
