Kraft Heinz Co (NASDAQ: KHC) Is Getting Increasingly Hard To Ignore

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 2.15% and -11.47% over the past three months. KHC shares are trading -13.98% year to date (YTD), with the 12-month market performance down to -8.28% lower. It has a 12-month low price of $30.40 and touched a high of $38.96 over the same period. KHC has an average intraday trading volume of 7.80 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 -2.39%, -6.67%, and -8.74% respectively.

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Institutional ownership of Kraft Heinz Co (NASDAQ: KHC) shares accounts for 82.68% of the company’s 1.22B shares outstanding.

It has a market capitalization of $39.35B and a beta (3y monthly) value of 0.47. The stock’s trailing 12-month PE ratio is 28.57, while the earnings-per-share (ttm) stands at $1.11. The company has a PEG of 15.30 and a Quick Ratio of 0.56 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 1.69% over the week and 1.79% over the month.

Earnings per share for the fiscal year are expected to increase by 0.89%, and 2.05% over the next financial year.

Looking at the support for the KHC, a number of firms have released research notes about the stock. Piper Sandler stated their Neutral rating for the stock in a research note on November 19, 2024, with the firm’s price target at $40-$35. Deutsche Bank coverage for the Kraft Heinz Co (KHC) stock in a research note released on October 31, 2024 offered a Hold rating with a price target of $35. Stifel was of a view on October 25, 2024 that the stock is Hold, while Goldman gave the stock Sell rating on August 12, 2024, issuing a price target of $34. Piper Sandler on their part issued Overweight rating on May 22, 2024.

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