Kraft Heinz Co [KHC] stock prices are up 0.89% to $37.39 at the moment. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KHC shares have gain 3.34% over the last week, with a monthly amount glided 6.43%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
On 1, April 2024, Live La Dolce VELVEETA with New Limited-Edition VELVEETA Gold Hair Dye. In a post published today on Yahoo Finance, VELVEETA Gold allows fans to boldly showcase the iconic yellow hue of VELVEETA cheese on their locks and prove they live by their own rules.
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.
The stock price of Kraft Heinz Co [KHC] has been fluctuating between $30.68 and $41.47 over the past year. 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 $37.39 at the most recent close of the market. An investor can expect a potential return of 17.01% based on the average KHC price forecast.
Analyzing the KHC fundamentals
The Kraft Heinz Co [NASDAQ:KHC] reported sales of 26.64B for trailing twelve months, representing a drop of -7.06%. Gross Profit Margin for this corporation currently stands at 0.34% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.14%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.06 and Total Capital is 0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.41.
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 37.14 points at the first support level, and at 36.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.63, and for the 2nd resistance point, it is at 37.87.
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’s worth pointing out that Kraft Heinz Co [NASDAQ:KHC]’s Current Ratio is 0.99. Further, the Quick Ratio stands at 0.54, while the Cash Ratio is 0.17. Considering the valuation of this stock, the price to sales ratio is 1.70, the price to book ratio is 0.92 and price to earnings (TTM) ratio is 16.16.
Transactions by insiders
Recent insider trading involved Onell Cory, Chief Omnich Sales & AEM Ofcr, that happened on Mar 12 ’24 when 14289.0 shares were sold. Chief Lgl & Corp Affairs Ofcr, La Lande Rashida completed a deal on Mar 04 ’24 to sell 16209.0 shares. Meanwhile, Director Patricio Miguel sold 0.13 million shares on Jan 02 ’24.
