These Numbers Could Change Investor Views For The Kraft Heinz Company (NASDAQ: KHC)

FIVE Stock
FIVE Stock

SSgA Funds Management, Inc. recently announced the acquisition of new stake in The Kraft Heinz Company (NASDAQ:KHC). The institutional investor has increased its shareholding in the Consumer Defensive company by 2.19% to 31.23 million shares with purchase of 0.67 million shares. This fresh investment now brings its stake to 2.56% valued currently at $1.07 billion. In addition, BlackRock Fund Advisors raised its holdings by 0.81 million to 27.92 million shares. And Geode Capital Management LLC has lifted its position by 1.76% or 0.17 million shares – to 10.08 million shares.

With over 6.02 million The Kraft Heinz Company (KHC) shares trading Tuesday and a closing price of $34.14 on the day, the dollar volume was approximately $205.6 million. The shares have shown a negative weekly performance of -3.48% and its price on 09/01/20 lost nearly -2.57%. Currently, there are 1.22B common shares owned by the public and among those 317.59M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 22 analysts who have offered their price forecasts for KHC have a consensus price objective of $36.30. The analysts have set the share’s price value over the next 12 months at a high of $44.00 and a low of $30.00 should the stock experience a downside. Incidentally, analysts’ outlook for the The Kraft Heinz Company stock is 2.90 for the next 12 months. The average price target is 5.69% above its last price level and an upside to the estimated low will see the stock lose -13.8% over that period. But an upside of 22.41% will see the stock hit the forecast high price target while mean target price for the stock is $37.00.

Insiders at the company have transacted a total of 52 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 50 of these insider trades were purchases, accounting for 4,575,411 shares. Insider sales of the common stock occurred on 2 occasions, with total insider shares sold totaling 25,081,951 shares.

The top 3 mutual fund holders in The Kraft Heinz Company are Vanguard Total Stock Market Index, Invesco QQQ Trust, and Vanguard 500 Index Fund. Vanguard Total Stock Market Index owns 19.08 million shares of the company’s stock, all valued at over $655.82 million. The company sold 84649.0 shares recently to bring their total holdings to about 1.56% of the shares outstanding. Invesco QQQ Trust bought 20566.0 shares to see its total holdings expand to 13.78 million shares valued at over $473.91 million and representing 1.13% of the shares outstanding. Vanguard 500 Index Fund sold 80610.0 shares to bring its total holdings to over 12.85 million shares at a value of $441.86 million. Vanguard 500 Index Fund now owns shares totaling to 1.05% of the shares outstanding.

Shares of The Kraft Heinz Company (NASDAQ: KHC) opened at $34.75, down -$0.29 from a prior closing price of $35.04. However, the script later closed the day at $34.14, down -2.57%. The company’s stock has a 5-day price change of -3.48% and 9.04% over the past three months. KHC shares are trading 6.26% year to date (YTD), with the 12-month market performance up to 31.01% higher. It has a 12-month low price of $19.99 and touched a high of $36.37 over the same period. Currently, 6.02 million shares have been traded, compared to an average intraday trading volume of 5.97 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.92%, 0.35%, and 12.44% respectively.

Institutional ownership of The Kraft Heinz Company (NASDAQ: KHC) 1.22B shares outstanding. Mutual fund holders own 20.80%, while other institutional holders and individual stakeholders account for 40.72% and 18.84% respectively.

It has a market capitalization of $41.60B and a beta (3y monthly) value of 1.01. The earnings-per-share (ttm) stands at -$0.16. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.84% over the week and 1.85% over the month.

Analysts forecast that The Kraft Heinz Company (KHC) will achieve an EPS of $0.55 for the current quarter, $0.66 for the next quarter and $2.5 for 2021. The lowest estimate earnings-per-share for the quarter is $0.49 while analysts give the company a high EPS estimate of $0.61. Comparatively, EPS for the current quarter was $0.69 a year ago. Earnings per share for the fiscal year are expected to increase by 119.10%, and -2.98% over the next financial year. EPS should shrink at an annualized rate of -3.00% over the next five years, compared to 99.90% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate The Kraft Heinz Company (KHC) as a “Moderate Buy” at a consensus score of 2.90. Specifically, 7 Wall Street analysts polled rate the stock as a buy, while 11 of the 22 advise that investors “hold,” and 3 rated it as a “Sell.”

Looking at the support for the KHC, a number of firms have released research notes about the stock. Piper Sandler stated their Overweight rating for the stock in a research note on July 29, 2020, with the firm’s price target at $30-$39. Guggenheim coverage for the The Kraft Heinz Company (KHC) stock in a research note released on July 23, 2020 offered a Sell rating with a price target of. Deutsche Bank was of a view on July 16, 2020 that the stock is Buy, while Goldman gave the stock Sell rating on June 22, 2020, issuing a price target of $32- $30. BofA/Merrill on their part issued Buy rating on May 18, 2020.


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