In today’s recent session, 2.53 million shares of the Kraft Heinz Co (NASDAQ:KHC) have been traded, and its beta is 0.47. Most recently the company’s share price was $33.59, and it changed around -$1.21 or -3.48% from the last close, which brings the market valuation of the company to $40.61B. KHC at last check was trading at a discount to its 52-week high of $38.96, offering almost -15.99% off that amount. The share price’s 52-week low was $31.08, which indicates that the recent value has risen by an impressive 7.47% since then. We note from Kraft Heinz Co’s average daily trading volume that its 10-day average is 6.88 million shares, with the 3-month average coming to 7.44 million.
Kraft Heinz Co stock received a consensus recommendation rating of Buy, based on a mean score of 2.25. If we narrow it down even further, the data shows that 0 out of 19 analysts rate the stock as a Sell; another 4 rate it as Overweight. Among the rest, 5 recommended KHC as a Hold, whereas 10 deemed it a Buy, and 0 rated it as Underweight. Kraft Heinz Co is expected to report earnings per share of 0.74 for the current quarter.
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Kraft Heinz Co (NASDAQ:KHC) trade information
Instantly KHC has been showing red trend so far today with a performance of -3.48% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 35.72 on recent trading dayincreased the stock’s daily price by 5.96%. The company’s shares are currently down -9.17% year-to-date, but still down -5.38% over the last five days. On the other hand, Kraft Heinz Co (NASDAQ:KHC) is -4.49% down in the 30-day period. We can see from the shorts that 33.76 million shares have been sold at a short interest cover period of 4.71 day(s).
The consensus price target as assigned by Wall Street analysts is $40.5, which translates to bulls needing to increase their stock price by 17.06% from its current value. Analyst projections state that KHC is forecast to be at a low of $34 and a high of $70.
Kraft Heinz Co (KHC) estimates and forecasts
Kraft Heinz Co share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -7.41 percent over the past six months and at a 1.01% annual growth rate that is well below the industry average of 9.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 2.80% in revenue this quarter, and will report an increase of 12.50% in the next quarter. The year-over-year growth rate is expected to be 5.80%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 6.42B in revenue for the current quarter. 13 analysts expect Kraft Heinz Co to make 6.81B in revenue for the current ending quarter. Forecasts for the next quarter put sales growth at 7.00%.
Kraft Heinz Co earnings are expected to increase by 1.29% in 2024, but the outlook is positive 2.68% per year for the next five years.
KHC Dividends
Kraft Heinz Co’s next quarterly earnings report is expected to be released on 2024-Oct-30. The annual dividend yield of the stock is 4.76 percent and its annual dividend per share was 1.60. It is important to note, however, that the 4.76% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.57 per year.
Kraft Heinz Co (NASDAQ:KHC)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 27.19% of Kraft Heinz Co shares, and 56.57% of them are in the hands of institutional investors. The stock currently has a share float of 77.70%. Kraft Heinz Co stock is held by 1615.0 institutions, with BERKSHIRE HATHAWAY INC being the largest institutional investor. By 2024-06-30, it held 26.8233% of the shares, which is about 325.63 million shares worth $10.49 billion.
BLACKROCK INC., with 7.6087% or 92.37 million shares worth $2.98 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
