Trading Day Review: Kraft Heinz Co (KHC) Loses Momentum, Closing at 35.85

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The price of Kraft Heinz Co (NASDAQ: KHC) closed at $35.85 in the last session, down -0.94% from day before closing price of $36.19. In other words, the price has decreased by -$0.94 from its previous closing price. On the day, 6.16 million shares were traded. KHC stock price reached its highest trading level at $36.3 during the session, while it also had its lowest trading level at $35.83.

Ratios:

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 26.77 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.52. 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:

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 May 06 ’24 when La Lande Rashida sold 10,140 shares for $35.95 per share. The transaction valued at 364,552 led to the insider holds 158,266 shares of the business.

Onell Cory sold 14,289 shares of KHC for $494,717 on Mar 12 ’24. The Chief Omnich Sales & AEM Ofcr now owns 145,680 shares after completing the transaction at $34.62 per share. On Mar 04 ’24, another insider, La Lande Rashida, who serves as the Chief Lgl & Corp Affairs Ofcr of the company, sold 16,209 shares for $35.02 each. As a result, the insider received 567,573 and left with 166,954 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 43532652544 and an Enterprise Value of 62617591808. As of this moment, Kraft’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.65, and their Forward P/E ratio for the next fiscal year is 11.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.85. 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 0.88. Its current Enterprise Value per Revenue stands at 2.357 whereas that against EBITDA is 9.708.

Stock Price History:

The Beta on a monthly basis for KHC is 0.57, which has changed by -0.078643024 over the last 52 weeks, in comparison to a change of 0.2644323 over the same period for the S&P500. Over the past 52 weeks, KHC has reached a high of $40.81, while it has fallen to a 52-week low of $30.68. The 50-Day Moving Average of the stock is -1.51%, while the 200-Day Moving Average is calculated to be 1.90%.

Shares Statistics:

According to the various share statistics, KHC traded on average about 7.76M shares per day over the past 3-months and 7461390 shares per day over the past 10 days. A total of 1.22B shares are outstanding, with a floating share count of 1.21B. Insiders hold about 0.40% of the company’s shares, while institutions hold 79.24% stake in the company. Shares short for KHC as of 1714435200 were 23711299 with a Short Ratio of 3.05, compared to 1711584000 on 22405477. Therefore, it implies a Short% of Shares Outstanding of 23711299 and a Short% of Float of 2.6800001.

Dividends & Splits

The forward annual dividend rate for KHC is 1.60, which was 1.6 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 0.044211112The stock’s 5-year Average Dividend Yield is 4.75.

Earnings Estimates

The market rating for Kraft Heinz Co (KHC) is a result of the insights provided by 16.0 analysts actively involved in the assessment.On average, analysts expect EPS of $0.75 for the current quarter, with a high estimate of $0.77 and a low estimate of $0.72, while EPS last year was $0.79. The consensus estimate for the next quarter is $0.76, with high estimates of $0.77 and low estimates of $0.74.

Analysts are recommending an EPS of between $3.06 and $2.96 for the fiscal current year, implying an average EPS of $3.03. EPS for the following year is $3.19, with 16.0 analysts recommending between $3.25 and $3.09.

Revenue Estimates

According to 12 analysts, the current quarter’s revenue is expected to be $6.63B. It ranges from a high estimate of $6.69B to a low estimate of $6.58B. As of the current estimate, Kraft Heinz Co’s year-ago sales were $6.81BFor the next quarter, 12 analysts are estimating revenue of $6.64B. There is a high estimate of $6.7B for the next quarter, whereas the lowest estimate is $6.55B.

A total of 15 analysts have provided revenue estimates for KHC’s current fiscal year. The highest revenue estimate was $26.79B, while the lowest revenue estimate was $26.59B, resulting in an average revenue estimate of $26.69B. In the same quarter a year ago, actual revenue was $24.73BBased on 15 analysts’ estimates, the company’s revenue will be $27.19B in the next fiscal year. The high estimate is $27.38B and the low estimate is $26.96B.

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