At the time of writing, Kraft Heinz Co [KHC] stock is trading at $35.96, down -0.25%. An important factor to consider is whether the stock is rising or falling in short-term value. The KHC shares have gain 3.30% over the last week, with a monthly amount drifted -3.49%, and not seem to be holding up well over a long-time horizon.
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On 21, February 2024, Kraft Heinz to Highlight Path to Deliver Consistent Profitable Growth at 2024 CAGNY Conference. In a post published today on Yahoo Finance, The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) will present today at the 2024 Consumer Analyst Group of New York (CAGNY) Conference. CEO Carlos Abrams-Rivera and Global Chief Financial Officer Andre Maciel will discuss how the Company plans to deliver on its goal to generate consistent top-tier stockholder returns by being the leader in elevating and creating food that makes you feel good.
From an analyst’s perspective:
Kraft Heinz Co [NASDAQ: KHC] stock has seen the most recent analyst activity on February 01, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $43. Previously, Evercore ISI upgraded its rating to Outperform on December 11, 2023, and elevated its price target to $42. On November 14, 2023, upgrade upgraded it’s rating to Outperform but maintained its price target of $40 on the stock. HSBC Securities started tracking the stock assigning a Hold rating and suggested a price target of $38 on September 22, 2023. TD Cowen initiated its recommendation with a Market Perform and recommended $35 as its price target on September 13, 2023. In a note dated January 03, 2023, Wells Fargo initiated an Equal Weight rating and provided a target price of $43 on this stock.
For the past year, the stock price of Kraft Heinz Co fluctuated between $30.68 and $41.47. Currently, Wall Street analysts expect the stock to reach $43.75 within the next 12 months. Kraft Heinz Co [NASDAQ: KHC] shares were valued at $35.96 at the most recent close of the market. An investor can expect a potential return of 21.66% based on the average KHC price forecast.
Analyzing the KHC fundamentals
According to Kraft Heinz Co [NASDAQ:KHC], the company’s sales were 26.64B for trailing twelve months, which represents an -7.06% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.83 points at the first support level, and at 35.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.12, and for the 2nd resistance point, it is at 36.28.
Kraft Heinz Co [KHC] reported earnings per share of $0.78 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.77/share, meaning a difference of $0.01 and a surprise factor of 1.30%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.72 per share as compared to estimates of $0.66 per share, a difference of $0.06 representing a surprise of 9.10%.
Ratios To Look Out For
It is important to note that Kraft Heinz Co [NASDAQ:KHC] has a current ratio of 0.99. On the other hand, the Quick Ratio is 0.54, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.64, the price to book ratio is 0.88 and price to earnings (TTM) ratio is 15.54.
Transactions by insiders
Recent insider trading involved Patricio Miguel, Director, that happened on Jan 02 when 0.13 million shares were sold. EVP, Global GC & CSCAO, La Lande Rashida completed a deal on Nov 24 to sell 13238.0 shares. Meanwhile, VP, Global Controller (PAO) Garlati Vince sold 22969.0 shares on Aug 17.
