In yesterday’s Wall Street session, Kraft Heinz Co (NASDAQ:KHC) shares traded at $33.51, up 0.39% from the previous session.
KHC stock price is now -4.42% away from the 50-day moving average and -4.81% away from the 200-day moving average. The market capitalization of the company currently stands at $40.52B.
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With the price target reduced from $39 to $35, Deutsche Bank Downgraded its rating from Buy to Hold for Kraft Heinz Co (NASDAQ: KHC). On October 25, 2024, Stifel Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $40 to quote $38, while ‘Goldman’ rates the stock as ‘Sell’
In other news, PEDRO FRANCISCO PREZENCO NAVIO, Officer bought 45,000 shares of the company’s stock on Nov 05 ’24. The stock was bought for $1,505,362 at an average price of $33.45. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 14 ’24, Former Officer La Lande Rashida bought 15,000 shares of the business’s stock. A total of $519,788 was incurred on buying the stock at an average price of $34.65. 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 $31.58 and a high of $38.96. As of last week, the company has a debt-to-equity ratio of 0.42, a current ratio of 1.06, and a quick ratio of 0.56. According to the stock market information, the enterprise value for the company is $59467452416, which is based on a 30.09 price-to-earnings ratio, a 16.12 price-to-earnings-growth ratio, and a beta of 0.49. The fifty day moving average price for KHC is $35.1068 and a two-hundred day moving average price translates $35.2177 for the stock.
The latest earnings results from Kraft Heinz Co (NASDAQ: KHC) was released for 2024-09-28. The net profit margin was 5.24% and return on equity was 2.81% for KHC. The company reported revenue of $6.38 billion for the quarter, compared to $6.57 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.85 percent.
