The stock of Kraft Heinz Co (NASDAQ: KHC) has decreased by -0.08 when compared to last closing price of 32.22.Despite this, the company has seen a loss of -3.06% in its stock price over the last five trading days. fool.com reported 2024-06-28 that Two Warren Buffett stocks now trade below his purchase price. If you want to invest alongside Buffett at a discount, now is your chance.
Is It Worth Investing in Kraft Heinz Co (NASDAQ: KHC) Right Now?
The price-to-earnings ratio for Kraft Heinz Co (NASDAQ: KHC) is 14.05x, which is above its average ratio. Moreover, the 36-month beta value for KHC is 0.52. 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.”
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The public float for KHC is 1.21B and currently, short sellers hold a 1.92% of that float. On July 01, 2024, KHC’s average trading volume was 7.64M shares.
KHC’s Market Performance
KHC’s stock has seen a -3.06% decrease for the week, with a -7.09% drop in the past month and a -13.13% fall in the past quarter. The volatility ratio for the week is 1.33%, and the volatility levels for the past 30 days are at 1.87% for Kraft Heinz Co. The simple moving average for the past 20 days is -3.72% for KHC’s stock, with a -8.59% simple moving average for the past 200 days.
Analysts’ Opinion of KHC
Many brokerage firms have already submitted their reports for KHC stocks, with Piper Sandler repeating the rating for KHC by listing it as a “Overweight.” The predicted price for KHC in the upcoming period, according to Piper Sandler is $42 based on the research report published on May 22, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see KHC reach a price target of $43. The rating they have provided for KHC stocks is “Buy” according to the report published on February 01st, 2024.
Evercore ISI gave a rating of “Outperform” to KHC, setting the target price at $42 in the report published on December 11th of the previous year.
KHC Trading at -8.83% 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 -17.36% of loss for the given period.
Volatility was left at 1.87%, however, over the last 30 days, the volatility rate increased by 1.33%, as shares sank -9.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.28% lower at present.
During the last 5 trading sessions, KHC fell by -3.10%, which changed the moving average for the period of 200-days by -3.04% in comparison to the 20-day moving average, which settled at $33.28. In addition, Kraft Heinz Co saw -12.94% 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 La Lande Rashida, who sale 8,017 shares at the price of $35.37 back on Jun 03 ’24. After this action, La Lande Rashida now owns 140,329 shares of Kraft Heinz Co, valued at $283,589 using the latest closing price.
La Lande Rashida, the Chief Lgl & Corp Affairs Ofcr of Kraft Heinz Co, sale 10,140 shares at $35.95 during a trade that took place back on May 06 ’24, which means that La Lande Rashida is holding 158,266 shares at $364,552 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 5.72, with 3.11 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 0.21. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 5.17.
Currently, EBITDA for the company is 6.34 billion with net debt to EBITDA at 3.45. When we switch over and look at the enterprise to sales, we see a ratio of 2.18. The receivables turnover for the company is 11.99for 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 1.09.
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.
