During the recent session, Kraft Heinz Co (NASDAQ:KHC)’s traded shares were 4.83 million, with the beta value of the company hitting 0.48. At the last check today, the stock’s price was $34.87, reflecting an intraday loss of -0.34% or -$0.12. The 52-week high for the KHC share is $38.96, that puts it down -11.73 from that peak though still a striking 12.02% gain since the share price plummeted to a 52-week low of $30.68. The company’s market capitalization is $42.16B, and the average intraday trading volume over the past 10 days was 5.82 million shares, and the average trade volume was 7.54 million shares over the past three months.
Kraft Heinz Co (KHC) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.17. KHC has a Sell rating from 0 analyst(s) out of 14 analysts who have looked at this stock. 4 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 10 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.74.
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Kraft Heinz Co (NASDAQ:KHC) trade information
Kraft Heinz Co (KHC) registered a -0.34% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.34% in intraday trading to $34.87, hitting a weekly high. The stock’s 5-day price performance is -2.02%, and it has moved by -1.60% in 30 days. Based on these gigs, the overall price performance for the year is 2.51%. The short interest in Kraft Heinz Co (NASDAQ:KHC) is 36.56 million shares and it means that shorts have 4.39 day(s) to cover.
The consensus price target of analysts on Wall Street is $41, which implies an increase of 14.95% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $34 and $70 respectively. As a result, KHC is trading at a discount of -100.75% off the target high and 2.49% off the low.
Kraft Heinz Co (KHC) estimates and forecasts
Statistics show that Kraft Heinz Co has underperformed its competitors in share price, compared to the industry in which it operates. Kraft Heinz Co (KHC) shares have gone down -2.04% during the last six months, with a year-to-date growth rate less than the industry average at 1.34% against 9.80. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 2.80% this quarter and then jump 12.50% in the quarter after that. In the rating firms’ projections, revenue will increase 5.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 6.45B as predicted by 13 analyst(s). Meanwhile, a consensus of 13 analyst(s) estimates revenue growth to 6.83B by the end of current fiscal year.
While earnings are projected to return 1.50% in 2024, the next five years will return 3.48% per annum.
KHC Dividends
Kraft Heinz Co is due to release its next quarterly earnings on 2024-Oct-30. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Kraft Heinz Co is 1.60, with the dividend yield indicating at 4.59 percent, continuing the trend of increasing dividends in recent years. The average dividend yield of the company for the last 5 years is 4.6%.
Kraft Heinz Co (NASDAQ:KHC)’s Major holders
Kraft Heinz Co insiders own 27.19% of total outstanding shares while institutional holders control 56.82%, with the float percentage being 78.04%. BERKSHIRE HATHAWAY INC is the largest shareholder of the company, while 1627.0 institutions own stock in it. As of 2024-06-30, the company held over 325.63 million shares (or 26.8233% of all shares), a total value of $10.49 billion in shares.
The next largest institutional holding, with 92.37 million shares, is of BLACKROCK INC.’s that is approximately 7.6087% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $2.98 billion.
Also, the Mutual Funds coming in first place with the largest holdings of Kraft Heinz Co (KHC) shares are Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 24.93 shares. This amounts to just over 2.06 percent of the company’s overall shares, with a $868.77 million market value. The same data shows that the other fund manager holds slightly less at 23.44, or about 1.94% of the stock, which is worth about $816.98 million.
