Currently, there are 1.22B common shares owned by the public and among those 1.11B shares have been available to trade.
Insiders at the company have transacted a total of 82 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 46 of these insider trades were purchases, accounting for 728,116 shares. Insider sales of the common stock occurred on 36 occasions, with total insider shares sold totaling 838,254 shares.
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However, the script later moved the day high at 35.69, up 2.33%. The company’s stock has a 5-day price change of -2.04% and 5.35% over the past three months. KHC shares are trading -3.68% year to date (YTD), with the 12-month market performance down to -10.46% lower. It has a 12-month low price of $30.68 and touched a high of $41.47 over the same period. KHC has an average intraday trading volume of 8.49 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 -2.69%, -3.50%, and 0.31% respectively.
Institutional ownership of Kraft Heinz Co (NASDAQ: KHC) shares accounts for 79.03% of the company’s 1.22B shares outstanding.
It has a market capitalization of $43.21B and a beta (3y monthly) value of 0.68. The stock’s trailing 12-month PE ratio is 15.39, while the earnings-per-share (ttm) stands at $2.31. The company has a PEG of 3.63 and a Quick Ratio of 0.54 with the debt-to-equity ratio at 0.42. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.70% over the week and 1.79% over the month.
Analysts forecast that Kraft Heinz Co (KHC) will achieve an EPS of $Bausch Health Companies Inc. for the current quarter, $8.60 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Kinross Gold Corporation while analysts give the company a high EPS estimate of $VirnetX Holding Corp. Comparatively, EPS for the current quarter was $Diversified Healthcare Trust a year ago. Earnings per share for the fiscal year are expected to increase by 1.97%, and 5.40% over the next financial year.
Looking at the support for the KHC, a number of firms have released research notes about the stock. Citigroup stated their Buy rating for the stock in a research note on February 01, 2024, with the firm’s price target at $43. Evercore ISI coverage for the Kraft Heinz Co (KHC) stock in a research note released on December 11, 2023 offered a Outperform rating with a price target of $42. Bernstein was of a view on November 14, 2023 that the stock is Outperform, while HSBC Securities gave the stock Hold rating on September 22, 2023, issuing a price target of $38. TD Cowen on their part issued Market Perform rating on September 13, 2023.
