The Kraft Heinz Company (NASDAQ: KHC) has a price-to-earnings ratio that is above its average at 19.95x. and a 36-month beta value of 0.70. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 0 as “overweight,” 13 as “hold,” and 1 as “sell.”
The average price predicted for The Kraft Heinz Company (KHC) by analysts is $44.06, which is $4.77 above the current market price. The public float for KHC is 781.63M, and at present, short sellers hold a 2.24% of that float. On March 17, 2023, the average trading volume of KHC was 6.77M shares.
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KHC) stock’s latest price update
The Kraft Heinz Company (NASDAQ: KHC)’s stock price has increased by 0.18 compared to its previous closing price of 38.11. however, the company has experienced a 1.03% increase in its stock price over the last five trading days. MarketWatch.com reported on 03/04/23 that Heinz is giving the ‘ketchup boat guy’ a new ship after he survived on the sauce for 24 days lost at sea
KHC’s Market Performance
KHC’s stock has risen by 1.03% in the past week, with a monthly drop of -4.26% and a quarterly drop of -4.48%. The volatility ratio for the week is 1.67% while the volatility levels for the last 30 days are 1.65% for The Kraft Heinz Company The simple moving average for the last 20 days is -2.04% for KHC stock, with a simple moving average of 0.21% for the last 200 days.
Analysts’ Opinion of KHC
Many brokerage firms have already submitted their reports for KHC stocks, with Wells Fargo repeating the rating for KHC by listing it as a “Equal Weight.” The predicted price for KHC in the upcoming period, according to Wells Fargo is $43 based on the research report published on January 03rd of the current year 2023.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see KHC reach a price target of $39. The rating they have provided for KHC stocks is “Neutral” according to the report published on November 15th, 2022.
Goldman gave a rating of “Buy” to KHC, setting the target price at $43 in the report published on October 10th of the previous year.
KHC Trading at -4.39% from the 50-Day Moving Average
After a stumble in the market that brought KHC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.91% of loss for the given period.
Volatility was left at 1.65%, however, over the last 30 days, the volatility rate increased by 1.67%, as shares sank -4.86% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.38% lower at present.
During the last 5 trading sessions, KHC rose by +1.03%, which changed the moving average for the period of 200-days by +0.93% in comparison to the 20-day moving average, which settled at $38.88. In addition, The Kraft Heinz Company saw -6.21% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KHC starting from Torres Flavio, who sale 250,571 shares at the price of $39.58 back on Feb 16. After this action, Torres Flavio now owns 188,983 shares of The Kraft Heinz Company, valued at $9,918,452 using the latest closing price.
Werneck Melissa, the EVP & Global Chief People Ofcr of The Kraft Heinz Company, sale 3,500 shares at $42.39 during a trade that took place back on Jan 09, which means that Werneck Melissa is holding 266,583 shares at $148,365 based on the most recent closing price.
Stock Fundamentals for KHC
Current profitability levels for the company are sitting at:
- +17.15 for the present operating margin
- +30.48 for the gross margin
The net margin for The Kraft Heinz Company stands at +8.92. Equity return is now at value 4.80, with 2.60 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.87.
Conclusion
To sum up, The Kraft Heinz Company (KHC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
