In Tuesday’s Wall Street session, Kraft Heinz Co (NASDAQ:KHC) shares traded at $29.10, down -0.07% from the previous session.
KHC stock price is now -2.73% away from the 50-day moving average and -10.50% away from the 200-day moving average. The market capitalization of the company currently stands at $34.77B.
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With the price target of $29, Morgan Stanley recently initiated with Underweight rating for Kraft Heinz Co (NASDAQ: KHC). On February 13, 2025, Citigroup Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $34 to quote $28, while ‘BofA Securities’ rates the stock as ‘Underperform’
In other news, Onell Cory, Chief Omnich Sales & AEM Ofcr sold 10,387 shares of the company’s stock on Mar 03 ’25. The stock was sold for $318,703 at an average price of $30.68. Upon completion of the transaction, the Chief Omnich Sales & AEM Ofcr now directly owns 153,796 shares in the company, valued at $4.48 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’25, Chief Omnich Sales & AEM Ofcr Onell Cory sold 3,085 shares of the business’s stock. A total of $97,486 was realized by selling the stock at an average price of $31.60. This leaves the insider owning 150,711 shares of the company worth $4.39 million. A total of 0.42% of the company’s stock is owned by insiders.
During the past 12 months, Kraft Heinz Co has had a low of $27.25 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 0.59. The fifty day moving average price for KHC is $29.9166 and a two-hundred day moving average price translates $32.5125 for the stock.
The latest earnings results from Kraft Heinz Co (NASDAQ: KHC) was released for 2024-12-28. The net profit margin was 10.62% and return on equity was 5.56% for KHC. The company reported revenue of $6.58 billion for the quarter, compared to $6.86 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -4.14 percent.
