Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
The closing price of Kraft Heinz Co (NASDAQ: KHC) was $36.28 for the day, down -6.03% from the previous closing price of $38.61. In other words, the price has decreased by -$6.03 from its previous closing price. On the day, 15.58 million shares were traded. KHC stock price reached its highest trading level at $37.7 during the session, while it also had its lowest trading level at $35.87.
Ratios:
Our analysis of KHC’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.85. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on February 01, 2024, initiated with a Buy rating and assigned the stock a target price of $43.
On December 11, 2023, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation from $40 to $42.
Bernstein Upgraded its Mkt Perform to Outperform on November 14, 2023, while the target price for the stock was maintained at $40.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 12 ’24 when Onell Cory sold 14,289 shares for $34.62 per share. The transaction valued at 494,717 led to the insider holds 145,680 shares of the business.
La Lande Rashida sold 16,209 shares of KHC for $567,573 on Mar 04 ’24. The Chief Lgl & Corp Affairs Ofcr now owns 166,954 shares after completing the transaction at $35.02 per share. On Jan 02 ’24, another insider, Patricio Miguel, who serves as the Director of the company, sold 131,500 shares for $38.02 each. As a result, the insider received 4,999,025 and left with 992,049 shares of the company.
Valuation Measures:
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 44103421952 and an Enterprise Value of 66282782720. As of this moment, Kraft’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.68, and their Forward P/E ratio for the next fiscal year is 11.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.69. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.65 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 2.488 whereas that against EBITDA is 10.412.
Stock Price History:
Over the past 52 weeks, KHC has reached a high of $41.47, while it has fallen to a 52-week low of $30.68. The 50-Day Moving Average of the stock is -0.10%, while the 200-Day Moving Average is calculated to be 3.12%.
Shares Statistics:
KHC traded an average of 7.88M shares per day over the past three months and 7932450 shares per day over the past ten days. A total of 1.22B shares are outstanding, with a floating share count of 1.21B. Insiders hold about 0.38% of the company’s shares, while institutions hold 79.10% stake in the company. Shares short for KHC as of 1713139200 were 23475068 with a Short Ratio of 2.98, compared to 1710460800 on 20992360. Therefore, it implies a Short% of Shares Outstanding of 23475068 and a Short% of Float of 2.6500002.
Dividends & Splits
With its trailing 12-month dividend rate of 1.6, KHC has a forward annual dividend rate of 1.60. Against a Trailing Annual Dividend Yield of 0.04144004The stock’s 5-year Average Dividend Yield is 4.75.
