Currently, there are 1.21B 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 -7.34% and -17.77% over the past three months. KHC shares are trading -7.16% year to date (YTD), with the 12-month market performance down to -26.04% lower. It has a 12-month low price of $29.23 and touched a high of $38.96 over the same period. KHC has an average intraday trading volume of 9.34 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 -6.59%, -9.44%, and -16.56% respectively.
Institutional ownership of Kraft Heinz Co (NASDAQ: KHC) shares accounts for 82.87% of the company’s 1.21B shares outstanding.
It has a market capitalization of $34.47B and a beta (3y monthly) value of 0.46. The stock’s trailing 12-month PE ratio is 25.60, while the earnings-per-share (ttm) stands at $1.11. The company has a PEG of 15.63 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 2.30% over the week and 1.84% over the month.
Earnings per share for the fiscal year are expected to increase by 0.87%, and 1.64% over the next financial year.
Looking at the support for the KHC, a number of firms have released research notes about the stock. Evercore ISI stated their In-line rating for the stock in a research note on January 07, 2025, with the firm’s price target at $38-$35. Piper Sandler coverage for the Kraft Heinz Co (KHC) stock in a research note released on November 19, 2024 offered a Neutral rating with a price target of $35. Deutsche Bank was of a view on October 31, 2024 that the stock is Hold, while Stifel gave the stock Hold rating on October 25, 2024, issuing a price target of $40- $38. Goldman on their part issued Sell rating on August 12, 2024.
