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Kraft Heinz Co (KHC) Stock Could Soon Reward Patient Investors

Kraft Heinz Co (NASDAQ: KHC) is -1.05% lower on its value in year-to-date trading and has touched a low of $30.68 and a high of $41.47 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The KHC stock was last observed hovering at around $36.31 in the last trading session, with the day’s gains setting it 0.28%.

Currently trading at $36.59, the stock is 0.39% and 1.86% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.69 million and changing 0.77% at the moment leaves the stock 4.38% off its SMA200. KHC registered -6.42% loss for a year compared to 6-month gain of 16.42%.

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The stock witnessed a 6.46% loss in the last 1 month and extending the period to 3 months gives it a -2.71%, and is -1.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.51% over the week and 1.37% over the month.

Kraft Heinz Co (KHC) has around 36000 employees, a market worth around $44.39B and $26.64B in sales. Current P/E ratio is 15.81 and Fwd P/E is 11.41. Profit margin for the company is 10.72%. Distance from 52-week low is 19.26% and -11.77% from its 52-week high. The company has generated returns on investments over the last 12 months (4.11%).

The EPS is expected to grow by 2.01% this year.

Kraft Heinz Co (KHC) Top Institutional Holders

The shares outstanding are 1.22B, and float is at 1.21B with Short Float at 1.85%.

Kraft Heinz Co (KHC) Insider Activity

The most recent transaction is an insider sale by Onell Cory,the company’sChief Omnich Sales & AEM Ofcr. SEC filings show that Onell Cory sold 14,289 shares of the company’s common stock on Mar 12 ’24 at a price of $34.62 per share for a total of $0.49 million. Following the sale, the insider now owns 0.15 million shares.

Kraft Heinz Co disclosed in a document filed with the SEC on Mar 04 ’24 that La Lande Rashida (Chief Lgl & Corp Affairs Ofcr) sold a total of 16,209 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $35.02 per share for $0.57 million. Following the transaction, the insider now directly holds 0.17 million shares of the KHC stock.

Still, SEC filings show that on Jan 02 ’24, Patricio Miguel (Director) disposed off 131,500 shares at an average price of $38.02 for $5.0 million. The insider now directly holds 992,049 shares of Kraft Heinz Co (KHC).

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