The stock of Kraft Heinz Co (KHC) has gone up by 6.32% for the week, with a 10.53% rise in the past month and a -3.40% drop in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are 1.84% for KHC. The simple moving average for the last 20 days is 7.26% for KHC stock, with a simple moving average of 0.81% for the last 200 days.
Is It Worth Investing in Kraft Heinz Co (NASDAQ: KHC) Right Now?
The price-to-earnings ratio for Kraft Heinz Co (NASDAQ: KHC) is above average at 22.66x. The 36-month beta value for KHC is also noteworthy at 0.48. There are mixed opinions on the stock, with 10 analysts rating it as a “buy,” 4 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
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The public float for KHC is 1.21B, and at present, short sellers hold a 2.23% of that float. The average trading volume of KHC on August 02, 2024 was 7.88M shares.
KHC) stock’s latest price update
Kraft Heinz Co (NASDAQ: KHC)’s stock price has increased by 0.20 compared to its previous closing price of 35.40. However, the company has seen a 6.32% increase in its stock price over the last five trading sessions. investorplace.com reported 2024-08-01 that Although acquiring nominally cheap securities doesn’t necessarily mean anything, targeting undervalued stocks is another ballgame. By undervalued, we’re talking about enterprises that should be priced higher thanks to various factors.
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 5.92% 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 -8.96% of loss for the given period.
Volatility was left at 1.84%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +12.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +0.25% upper at present.
During the last 5 trading sessions, KHC rose by +7.94%, which changed the moving average for the period of 200-days by +14.03% in comparison to the 20-day moving average, which settled at $33.27. In addition, Kraft Heinz Co saw -4.08% 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 proposed sale 4,076 shares at the price of $36.00 back on Aug 02 ’24. After this action, Onell Cory now owns shares of Kraft Heinz Co, valued at $146,736 using the latest closing price.
La Lande Rashida, the Chief Lgl & Corp Affairs Ofcr of Kraft Heinz Co, sale 8,017 shares at $35.37 during a trade that took place back on Jun 03 ’24, which means that La Lande Rashida is holding 140,329 shares at $283,589 based on the most recent closing price.
Stock Fundamentals for KHC
Current profitability levels for the company are sitting at:
- 0.15 for the present operating margin
- 0.35 for the gross margin
The net margin for Kraft Heinz Co stands at 0.07. The total capital return value is set at 0.05. Equity return is now at value 3.89, with 2.14 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 0.16. The debt to equity ratio resting at 0.41. The interest coverage ratio of the stock is 4.23.
Currently, EBITDA for the company is 6.34 billion with net debt to EBITDA at 4.33. 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 12.18for trailing twelve months and the total asset turnover is 0.3. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.
Conclusion
In summary, Kraft Heinz Co (KHC) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
