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After finishing at $36.35 in the prior trading day, Kraft Heinz Co (NASDAQ: KHC) closed at $35.74, down -1.68%. In other words, the price has decreased by -$1.68 from its previous closing price. On the day, 8.57 million shares were traded. KHC stock price reached its highest trading level at $36.44 during the session, while it also had its lowest trading level at $35.53.
Ratios:
Our goal is to gain a better understanding of KHC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.69 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.48. For the most recent quarter (mrq), Quick Ratio is recorded 0.61 and its Current Ratio is at 1.09. In the meantime, Its Debt-to-Equity ratio is 0.41 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 44139618304 and an Enterprise Value of 62484017152. As of this moment, Kraft’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.60, and their Forward P/E ratio for the next fiscal year is 11.20. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.84. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 0.88. Its current Enterprise Value per Revenue stands at 2.352 whereas that against EBITDA is 9.687.
Stock Price History:
Over the past 52 weeks, KHC has reached a high of $41.44, while it has fallen to a 52-week low of $30.68. The 50-Day Moving Average of the stock is -1.63%, while the 200-Day Moving Average is calculated to be 1.55%.
Shares Statistics:
The stock has traded on average 8.10M shares per day over the past 3-months and 8192260 shares per day over the last 10 days, according to various share statistics. 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 79.32% stake in the company. Shares short for KHC as of 1713139200 were 23475068 with a Short Ratio of 2.90, 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
In the trailing 12 months, KHC’s forward annual dividend rate was 1.6, compared to 1.60 this year. Against a Trailing Annual Dividend Yield of 0.04401651The stock’s 5-year Average Dividend Yield is 4.75.
