At the time of writing, Kraft Heinz Co [KHC] stock is trading at $35.95, up 0.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KHC shares have gain 3.22% over the last week, with a monthly amount glided 2.31%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Kraft Heinz Co [NASDAQ: KHC] stock has seen the most recent analyst activity on August 12, 2024, when Goldman initiated its Sell rating and assigned the stock a price target of $34. Previously, Piper Sandler upgraded its rating to Overweight on May 22, 2024, and kept the price target unchanged to $42. On February 01, 2024, Citigroup initiated with a Buy rating and assigned a price target of $43 on the stock. Evercore ISI upgraded its rating to a Outperform and increased its price target to $42 on December 11, 2023. Bernstein upgraded its rating to a Outperform but $40 remained the price target by the analyst firm on November 14, 2023. HSBC Securities started tracking with a Hold rating for this stock on September 22, 2023, and assigned it a price target of $38. In a note dated September 13, 2023, TD Cowen initiated an Market Perform rating and provided a target price of $35 on this stock.
For the past year, the stock price of Kraft Heinz Co fluctuated between $31.08 and $38.96. Currently, Wall Street analysts expect the stock to reach $42.25 within the next 12 months. Kraft Heinz Co [NASDAQ: KHC] shares were valued at $35.95 at the most recent close of the market. An investor can expect a potential return of 17.52% based on the average KHC price forecast.
Analyzing the KHC fundamentals
According to Kraft Heinz Co [NASDAQ:KHC], the company’s sales were 26.32B for trailing twelve months, which represents an -3.65% plunge. Gross Profit Margin for this corporation currently stands at 0.35% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.07%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.04 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 35.79 points at the first support level, and at 35.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.04, and for the 2nd resistance point, it is at 36.12.
Ratios To Look Out For
It is important to note that Kraft Heinz Co [NASDAQ:KHC] has a current ratio of 1.01. As well, the Quick Ratio is 0.53, while the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.65, the price to book ratio is 0.89 and price to earnings (TTM) ratio is 22.97.
Transactions by insiders
Recent insider trading involved La Lande Rashida, Former Officer, that happened on Aug 14 ’24 when 15000.0 shares were purchased. Chief Omnich Sales & AEM Ofcr, Onell Cory completed a deal on Aug 02 ’24 to sell 4076.0 shares. Meanwhile, Officer Onell Cory bought 4076.0 shares on Aug 02 ’24.
