The stock of Kraft Heinz Co (KHC) has gone up by 3.61% for the week, with a 0.36% rise in the past month and a 0.61% rise in the past quarter. The volatility ratio for the week is 1.30%, and the volatility levels for the past 30 days are 1.37% for KHC. The simple moving average for the last 20 days is 3.02% for KHC’s stock, with a simple moving average of 3.30% for the last 200 days.
Is It Worth Investing in Kraft Heinz Co (NASDAQ: KHC) Right Now?
Kraft Heinz Co (NASDAQ: KHC) has a higher price-to-earnings ratio of 15.64x compared to its average ratio. KHC has 36-month beta value of 0.67. Analysts have mixed views on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
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The public float for KHC is 1.21B, and currently, short sellers hold a 1.80% ratio of that float. The average trading volume of KHC on March 26, 2024 was 8.24M shares.
KHC) stock’s latest price update
The stock price of Kraft Heinz Co (NASDAQ: KHC) has jumped by 0.92 compared to previous close of 35.85. Despite this, the company has seen a gain of 3.61% in its stock price over the last five trading days. 24/7 Wall Street reported 2024-03-23 that If any investor has stood the test of time, it is Warren Buffett, and with good reason.
Analysts’ Opinion of KHC
Many brokerage firms have already submitted their reports for KHC stocks, with Citigroup repeating the rating for KHC by listing it as a “Buy.” The predicted price for KHC in the upcoming period, according to Citigroup is $43 based on the research report published on February 01, 2024 of the current year 2024.
Evercore ISI, on the other hand, stated in their research note that they expect to see KHC reach a price target of $42, previously predicting the price at $40. The rating they have provided for KHC stocks is “Outperform” according to the report published on December 11th, 2023.
Bernstein gave a rating of “Outperform” to KHC, setting the target price at $40 in the report published on November 14th of the previous year.
KHC Trading at 0.29% 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 -12.76% of loss for the given period.
Volatility was left at 1.37%, however, over the last 30 days, the volatility rate increased by 1.30%, as shares surge +0.61% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.73% lower at present.
During the last 5 trading sessions, KHC rose by +3.61%, which changed the moving average for the period of 200-days by -2.08% in comparison to the 20-day moving average, which settled at $35.13. In addition, Kraft Heinz Co saw -2.16% 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 Onell Cory, who sale 14,289 shares at the price of $34.62 back on Mar 12 ’24. After this action, Onell Cory now owns 145,680 shares of Kraft Heinz Co, valued at $494,717 using the latest closing price.
La Lande Rashida, the Chief Lgl & Corp Affairs Ofcr of Kraft Heinz Co, sale 16,209 shares at $35.02 during a trade that took place back on Mar 04 ’24, which means that La Lande Rashida is holding 166,954 shares at $567,573 based on the most recent closing price.
Stock Fundamentals for KHC
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.34 for the gross margin
The net margin for Kraft Heinz Co stands at 0.11. The total capital return value is set at 0.06. Equity return is now at value 5.81, with 3.16 for asset returns.
Based on Kraft Heinz Co (KHC), the company’s capital structure generated 0.29 points at debt to capital in total, while cash flow to debt ratio is standing at 0.2. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 5.1.
Currently, EBITDA for the company is 6.34 billion with net debt to EBITDA at 3.56. When we switch over and look at the enterprise to sales, we see a ratio of 2.37. The receivables turnover for the company is 12.61for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
Conclusion
To put it simply, Kraft Heinz Co (KHC) has had a mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
