The price of The Kraft Heinz Company (NASDAQ: KHC) closed at 34.44 in the last session, up 1.47% from day before closing price of $33.94. In other words, the price has increased by $+0.50 from its previous closing price. On the day, 9011733 shares were traded. KHC reached its highest trading level at $35.16 during the session, while it also had its lowest trading level at $34.01.
We take a closer look at KHC’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 27.72 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 33.56. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 0.90. In the meantime, Its Debt-to-Equity ratio is 0.43 whereas as Long-Term Debt/Eq ratio is at 0.40.
Upgrades & Downgrades
On July 28, 2022, Goldman Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $37.
On July 18, 2022, Mizuho started tracking the stock assigning a Buy rating and target price of $48.Mizuho initiated its Buy rating on July 18, 2022, with a $48 target price.
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 19 when La Lande Rashida sold 30,000 shares for $38.36 per share. The transaction valued at 1,150,803 led to the insider holds 223,062 shares of the business.
Garlati Vince sold 19,938 shares of KHC for $766,130 on Aug 17. The VP, Global Controller (PAO) now owns 94,843 shares after completing the transaction at $38.43 per share. On Jul 29, another insider, La Lande Rashida, who serves as the EVP, Global GC & CSCAO of the company, sold 3,500 shares for $36.56 each. As a result, the insider received 127,960 and left with 266,627 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KHC now has a Market Capitalization of 42.54B and an Enterprise Value of 61.94B. As of this moment, The’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.28, and their Forward P/E ratio for the next fiscal year is 12.51. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.64 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 2.42 whereas that against EBITDA is 14.96.
Stock Price History:
The Beta on a monthly basis for KHC is 0.72, which has changed by -5.15% over the last 52 weeks, in comparison to a change of -14.81% over the same period for the S&P500. Over the past 52 weeks, KHC has reached a high of $44.87, while it has fallen to a 52-week low of $32.78. The 50-Day Moving Average of the stock is 37.46, while the 200-Day Moving Average is calculated to be 38.05.
According to the various share statistics, KHC traded on average about 7.65M shares per day over the past 3-months and 11.04M shares per day over the past 10 days. A total of 1.23B shares are outstanding, with a floating share count of 781.96M. Insiders hold about 8.30% of the company’s shares, while institutions hold 76.20% stake in the company. Shares short for KHC as of Aug 30, 2022 were 15.14M with a Short Ratio of 1.98, compared to 14.75M on Jul 28, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.24% and a Short% of Float of 2.17%.
Dividends & Splits
The forward annual dividend rate for KHC is 1.60, which was 1.60 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 4.71%, it implies a Forward Annual Dividend Yield of 4.71%. The stock’s 5-year Average Dividend Yield is 4.81.
The company has 16 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0.61 for the current quarter, with a high estimate of $0.67 and a low estimate of $0.57, while EPS last year was $0.65. The consensus estimate for the next quarter is $0.78, with high estimates of $0.84 and low estimates of $0.7.
Analysts are recommending an EPS of between $2.86 and $2.6 for the fiscal current year, implying an average EPS of $2.69. EPS for the following year is $2.78, with 21 analysts recommending between $3 and $2.58.
For the next quarter, 13 analysts are estimating revenue of $7.12B, an increase of 6.10% over than the figure of $0.00% in the same quarter last year. There is a high estimate of $7.3B for the next quarter, whereas the lowest estimate is $6.92B.
A total of 19 analysts have provided revenue estimates for KHC’s current fiscal year. The highest revenue estimate was $26.67B, while the lowest revenue estimate was $25.33B, resulting in an average revenue estimate of $25.94B. In the same quarter a year ago, actual revenue was $26.04B, down -0.40% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $26.02B in the next fiscal year. The high estimate is $26.86B and the low estimate is $25.28B. The average revenue growth estimate for next year is up 0.30% from the average revenue estimate for this year.