Kraft Heinz Co (NASDAQ: KHC) Hogging The Spotlight Today

Currently, there are 1.22B common shares owned by the public and among those 1.20B shares have been available to trade.

The company’s stock has a 5-day price change of -1.84% and -4.02% over the past three months. KHC shares are trading -6.38% year to date (YTD), with the 12-month market performance up to 3.16% higher. It has a 12-month low price of $30.68 and touched a high of $38.96 over the same period. KHC has an average intraday trading volume of 8.01 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 1.09%, 3.74%, and -2.06% respectively.

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Institutional ownership of Kraft Heinz Co (NASDAQ: KHC) shares accounts for 81.27% of the company’s 1.22B shares outstanding.

It has a market capitalization of $41.86B and a beta (3y monthly) value of 0.48. The stock’s trailing 12-month PE ratio is 22.12, while the earnings-per-share (ttm) stands at $1.57. The company has a PEG of 6.00 and a Quick Ratio of 0.53 with the debt-to-equity ratio at 0.41. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.03% over the week and 2.25% over the month.

Earnings per share for the fiscal year are expected to increase by 1.56%, and 4.64% over the next financial year.

Looking at the support for the KHC, a number of firms have released research notes about the stock. Goldman stated their Sell rating for the stock in a research note on August 12, 2024, with the firm’s price target at $34. Piper Sandler coverage for the Kraft Heinz Co (KHC) stock in a research note released on May 22, 2024 offered a Overweight rating with a price target of $42. Citigroup was of a view on February 01, 2024 that the stock is Buy, while Evercore ISI gave the stock Outperform rating on December 11, 2023, issuing a price target of $40- $42. Bernstein on their part issued Outperform rating on November 14, 2023.

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