Kraft Heinz Co (NASDAQ:KHC)’s traded shares stood at 7.53 million during the last session, with the company’s beta value hitting 0.47. At the close of trading, the stock’s price was $34.74, to imply a decrease of -0.83% or -$0.29 in intraday trading. The KHC share’s 52-week high remains $38.96, putting it -12.15% down since that peak but still an impressive 10.54% since price per share fell to its 52-week low of $31.08. The company has a valuation of $42.00B, with an average of 6.34 million shares in intraday trading volume over the past 10 days and average of 7.41 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Kraft Heinz Co (KHC), translating to a mean rating of 2.25. Of 14 analyst(s) looking at the stock, 0 analyst(s) give KHC a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 10 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.74.
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Kraft Heinz Co (NASDAQ:KHC) trade information
After registering a -0.83% downside in the last session, Kraft Heinz Co (KHC) has traded red over the past five days. The 5-day price performance for the stock is -3.50%, and -0.17% over 30 days. With these gigs, the year-to-date price performance is -6.06%. Short interest in Kraft Heinz Co (NASDAQ:KHC) saw shorts transact 35.01 million shares and set a 4.43 days time to cover.
The extremes give us $34 and $70 for target low and target high price respectively. As such, KHC has been trading -101.5% off suggested target high and 2.13% from its likely low.
Kraft Heinz Co (KHC) estimates and forecasts
Looking at statistics comparing Kraft Heinz Co share performance against respective industry, we note that the company has underperformed competitors. Kraft Heinz Co (KHC) shares are -8.96% down over the last 6 months, with its year-to-date growth rate lower than industry average at 1.01% against 9.70%. Revenue is forecast to grow 2.80% this quarter before jumping 12.50% for the next one. The rating firms project that company’s revenue will grow 5.80% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 6.42B. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 6.81B.
KHC Dividends
Kraft Heinz Co has its next earnings report out on 2024-Oct-30. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Kraft Heinz Co has a forward dividend ratio of 1.60, with the share yield ticking at 4.61% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 4.57%.
Kraft Heinz Co (NASDAQ:KHC)’s Major holders
Kraft Heinz Co insiders hold 27.19% of total outstanding shares, with institutional holders owning 56.56% of the shares at 77.69% float percentage. In total, 56.56% institutions holds shares in the company, led by BERKSHIRE HATHAWAY INC. As of 2024-06-30, the company held over 325.63 million shares (or 26.8233% of shares), all amounting to roughly $10.49 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 92.37 million shares, or about 7.6087% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.98 billion.
We also have Vanguard Total Stock Market Index Fund and Invesco ETF Tr-Invesco QQQ Tr, Series 1 ETF as the top two Mutual Funds with the largest holdings of the Kraft Heinz Co (KHC) shares. Going by data provided on Jun 30, 2024 , Vanguard Total Stock Market Index Fund holds roughly 24.93 shares. This is just over 2.06% of the total shares, with a market valuation of $866.03 million. Data from the same date shows that the other fund manager holds a little less at 23.45, or 1.94% of the shares, all valued at about 814.79 million.
