Kraft Heinz Co (NASDAQ:KHC) shares traded 1.40% higher at $30.52 on Wall Street last session.
KHC stock price is now -6.77% away from the 50-day moving average and -11.43% away from the 200-day moving average. The market capitalization of the company currently stands at $37.42B.
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With the price target reduced from $40 to $35, Piper Sandler Downgraded its rating from Overweight to Neutral for Kraft Heinz Co (NASDAQ: KHC). On October 31, 2024, Deutsche Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $39 to quote $35, while ‘Stifel’ rates the stock as ‘Hold’
In other news, Navio Pedro F P, EVP & Pres. North America sold 45,000 shares of the company’s stock on Nov 05 ’24. The stock was sold for $1,505,362 at an average price of $33.45. Upon completion of the transaction, the EVP & Pres. North America now directly owns 168,195 shares in the company, valued at $5.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 05 ’24, Officer PEDRO FRANCISCO PREZENCO NAVIO bought 45,000 shares of the business’s stock. A total of $1,505,362 was incurred on buying the stock at an average price of $33.45. 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 $30.05 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 $55852019712, which is based on a 27.41 price-to-earnings ratio, a 14.68 price-to-earnings-growth ratio, and a beta of 0.47. The fifty day moving average price for KHC is $32.7374 and a two-hundred day moving average price translates $34.4583 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.
