In the latest trading session, 1.14 million Kraft Heinz Co (NASDAQ:KHC) shares changed hands as the company’s beta touched 0.47. With the company’s most recent per share price at $34.48 changed hands at -$0.69 or -1.96% at last look, the market valuation stands at $41.69B. KHC’s current price is a discount, trading about -12.99% off its 52-week high of $38.96. The share price had its 52-week low at $30.68, which suggests the last value was 11.02% up since then. When we look at Kraft Heinz Co’s average trading volume, we note the 10-day average is 9.32 million shares, with the 3-month average coming to 7.71 million.

Analysts gave the Kraft Heinz Co (KHC) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.17. If we narrow down to specifics, the data shows that 0 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended KHC as a Hold, 10 felt it is a Buy and 0 rated the stock as Underweight. Kraft Heinz Co’s EPS for the current quarter is expected to be 0.74.

Kraft Heinz Co (NASDAQ:KHC) trade information

Instantly KHC was in red as seen in intraday trades today. With action -0.12%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -6.76%, with the 5-day performance at -0.12% in the red. However, in the 30-day time frame, Kraft Heinz Co (NASDAQ:KHC) is -3.12% down. Looking at the short shares, we see there were 31.54 million shares sold at short interest cover period of 4.83 days.

The consensus price target for the stock as assigned by Wall Street analysts is 41, meaning bulls need an upside of 15.9% from its recent market value. According to analyst projections, KHC’s forecast low is 34 with 70 as the target high. To hit the forecast high, the stock’s price needs a -103.02% plunge from its current level, while the stock would need to tank 1.39% for it to hit the projected low.

Kraft Heinz Co (KHC) estimates and forecasts

Data shows that the Kraft Heinz Co share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -7.73% over the past 6 months, a 1.34% in annual growth rate that is considerably lower than the industry average of 9.80%. Year-over-year growth is forecast to reach 5.90% up from the last financial year.

Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 6.44B. 13 analysts are of the opinion that Kraft Heinz Co’s revenue for the current quarter will be 6.83B. The estimates for the next quarter sales put growth at 7.20%.

The 2024 estimates are for Kraft Heinz Co earnings to increase by 1.52%, but the outlook for the next 5-year period is at 3.48% per year.

KHC Dividends

Kraft Heinz Co is expected to release its next quarterly earnings report on 2024-Oct-30. The 4.64% annual yield figure for the share gives it an annual dividend of 1.60. It is important to note, however, that the 4.64% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 4.57 per year.

Kraft Heinz Co (NASDAQ:KHC)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 27.19% of Kraft Heinz Co shares while 56.67% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 77.83%. There are 56.67% institutions holding the Kraft Heinz Co stock share, with BERKSHIRE HATHAWAY INC the top institutional holder. As of 2024-06-30, the company held 26.8233% of the shares, roughly 325.63 million KHC shares worth $10.49 billion.

BLACKROCK INC. holds the second largest percentage of outstanding shares, with 7.6087% or 92.37 million shares worth $2.98 billion as of 2024-06-30.