Kraft Heinz Co (NASDAQ: KHC) is -9.38% lower on its value in year-to-date trading and has touched a low of $31.58 and a high of $38.96 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 $33.38 in the last trading session, with the day’s gains setting it 0.13%.
Currently trading at $33.51, the stock is -3.91% and -4.42% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.81 million and changing 0.39% at the moment leaves the stock -4.81% off its SMA200. KHC registered 0.72% gain for a year compared to 6-month loss of -6.42%. The firm has a 50-day simple moving average (SMA 50) of $35.1068 and a 200-day simple moving average (SMA200) of $35.2177.
The stock witnessed a -3.12% gain in the last 1 month and extending the period to 3 months gives it a -3.35%, and is -3.71% 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 1.67% over the week and 1.50% over the month.
Kraft Heinz Co (KHC) has around 36000 employees, a market worth around $40.52B and $26.13B in sales. Current P/E ratio is 30.09 and Fwd P/E is 10.89. Profit margin for the company is 5.24%. Distance from 52-week low is 6.11% and -13.99% from its 52-week high. The company has generated returns on investments over the last 12 months (2.02%).
The EPS is expected to grow by 0.98% this year.
Kraft Heinz Co (KHC) Top Institutional Holders
1625.0 institutions hold shares in Kraft Heinz Co (KHC), with institutional investors hold 77.92% of the company’s shares. The shares outstanding are 1.22B, and float is at 1.20B with Short Float at 2.80%. Institutions hold 56.73% of the Float.
The top institutional shareholder in the company is BERKSHIRE HATHAWAY INC with over 325.63 million shares valued at $10.49 billion. The investor’s holdings represent 26.8233% of the KHC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 92.37 million shares valued at $2.98 billion to account for 7.6087 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 71.24 million shares representing 5.8685% and valued at over $2.3 billion, while STATE STREET CORP holds 3.1329 of the shares totaling 38.03 million with a market value of $1.23 billion.
Kraft Heinz Co (KHC) Insider Activity
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Still, SEC filings show that on Aug 02 ’24, Onell Cory (Chief Omnich Sales & AEM Ofcr) disposed off 4,076 shares at an average price of $36.00 for $0.15 million. The insider now directly holds 143,970 shares of Kraft Heinz Co (KHC).
