The stock price of Kraft Heinz Co (NASDAQ: KHC) has plunged by -1.75 when compared to previous closing price of 36.58, but the company has seen a -3.02% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-10 that With recession-proof stocks, this approach is the football equivalent of running the so-called jumbo package. Here, the idea is to get a few critical yards to move the sticks or get into the endzone.
Is It Worth Investing in Kraft Heinz Co (NASDAQ: KHC) Right Now?
The price-to-earnings ratio for Kraft Heinz Co (NASDAQ: KHC) is 15.53x, which is above its average ratio. Moreover, the 36-month beta value for KHC is 0.67. Analysts have varying opinions on the stock, with 10 analysts rating it as a “buy,” 4 as “overweight,” 5 as “hold,” and 0 as “sell.”
The public float for KHC is 1.21B and currently, short sellers hold a 1.85% of that float. On April 15, 2024, KHC’s average trading volume was 8.21M shares.
KHC’s Market Performance
KHC stock saw an increase of -3.02% in the past week, with a monthly gain of 4.08% and a quarterly increase of -4.36%. The volatility ratio for the week is 1.52%, and the volatility levels for the last 30 days are 1.39% for Kraft Heinz Co (KHC). The simple moving average for the past 20 days is -0.91% for KHC’s stock, with a 2.55% simple moving average for the past 200 days.
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 -0.10% 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 -13.33% of loss for the given period.
Volatility was left at 1.39%, however, over the last 30 days, the volatility rate increased by 1.52%, as shares surge +4.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.20% lower at present.
During the last 5 trading sessions, KHC fell by -3.02%, which changed the moving average for the period of 200-days by +1.01% in comparison to the 20-day moving average, which settled at $36.35. In addition, Kraft Heinz Co saw -2.81% 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 2.36. 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 wrap up, the performance of Kraft Heinz Co (KHC) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
