In yesterday’s Wall Street session, Kraft Heinz Co (NASDAQ:KHC) shares traded at $35.04, down -1.66% from the previous session.
KHC stock price is now 1.59% away from the 50-day moving average and -1.49% away from the 200-day moving average. The market capitalization of the company currently stands at $42.37B.
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With the price target of $34, Goldman recently initiated with Sell rating for Kraft Heinz Co (NASDAQ: KHC). On May 22, 2024, Piper Sandler Upgraded its previous ‘Neutral’ rating to ‘Overweight’ on the stock keeping its target price maintained at $42, while ‘Citigroup’ rates the stock as ‘Buy’
In other news, La Lande Rashida, Former Officer bought 15,000 shares of the company’s stock on Aug 14 ’24. The stock was bought for $519,788 at an average price of $34.65. 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 $5.04 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 $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 $61536124928, which is based on a 22.38 price-to-earnings ratio, a 6.43 price-to-earnings-growth ratio, and a beta of 0.48. The fifty day moving average price for KHC is $34.5514 and a two-hundred day moving average price translates $35.56825 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.
