Kraft Heinz Co (NASDAQ: KHC) is 1.37% higher on its value in year-to-date trading and has touched a low of $27.25 and a high of $38.96 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KHC stock was last observed hovering at around $30.16 in the last trading session, with the day’s gains setting it 0.97%.
Currently trading at $31.13, the stock is 5.61% and 4.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 14.68 million and changing 3.22% at the moment leaves the stock -5.85% off its SMA200. KHC registered -12.61% loss for a year compared to 6-month loss of -11.79%.
The stock witnessed a 7.09% gain in the last 1 month and extending the period to 3 months gives it a 0.19%, and is 6.43% up 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 2.58% over the week and 2.38% over the month.
Kraft Heinz Co (KHC) has around 36000 employees, a market worth around $37.20B and $25.85B in sales. Current P/E ratio is 13.75 and Fwd P/E is 10.98. Profit margin for the company is 10.62%. Distance from 52-week low is 14.24% and -20.10% from its 52-week high. The company has generated returns on investments over the last 12 months (3.98%).
with sales reaching $6.06B over the same period.The EPS is expected to shrink by -11.06% this year, but quarterly earnings will post -2.36% year-over-year. Quarterly sales are estimated to shrink -5.55% in year-over-year returns.
Kraft Heinz Co (KHC) Top Institutional Holders
The shares outstanding are 1.20B, and float is at 1.19B with Short Float at 3.06%.
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 26.8676% 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
The most recent transaction is an insider sale by Navio Pedro F P,the company’sEVP & Pres. North America. SEC filings show that Navio Pedro F P sold 45,000 shares of the company’s common stock on Nov 05 ’24 at a price of $33.45 per share for a total of $1.51 million. Following the sale, the insider now owns 0.17 million shares.
Still, SEC filings show that on Aug 14 ’24, La Lande Rashida (Former Officer) Proposed Sale 15,000 shares at an average price of $34.65 for $0.52 million. The insider now directly holds shares of Kraft Heinz Co (KHC).
