Kraft Heinz Co (NASDAQ:KHC) shares, rose in value, with the stock price down by -0.51% to the previous day’s close as strong demand from buyers drove the stock to $37.06.
Actively observing the price movement in the last trading, the stock closed the session at $37.25. The value of beta (5-year monthly) was 0.67 whereas the PE ratio was 16.02 over 12-month period. Referring to stock’s 52-week performance, its high was $41.47, and the low was $30.68. On the whole, KHC has fluctuated by 4.84% over the past month.
With the market capitalization of Kraft Heinz Co currently standing at about $44.96 billion, investors are eagerly awaiting this quarter’s results, scheduled for May 01, 2024 – May 06, 2024. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 4.32%. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.69, which is expected to increase to $0.78 for fiscal year $3.04 and then to about $3.21 by fiscal year 2025. Data indicates that the EPS growth is expected to be 2.00% in 2025, while the next year’s EPS growth is forecast to be 5.60%.
Analysts have estimated the company’s revenue for the quarter at $6.43 billion, with a low estimate of $6.38 billion and a high estimate of $6.46 billion. According to the average forecast, sales growth in current quarter could jump up 0.40%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $26.85 billion, representing an increase of 0.80% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that KHC’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 3.77, with the price of KHC currently trading nearly 3.78% and 2.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 64.05, while the 7-day volatility ratio is showing 1.36% which for the 30-day chart, stands at 1.41%. Furthermore, Kraft Heinz Co (KHC)’s beta value is 0.67, and its average true range (ATR) is 0.52.
A comparison of Kraft Heinz Co (KHC) with its peers suggests the former has fared considerably weaker in the market. KHC showed an intraday change of -0.51% in last session, and over the past year, it shrunk by -4.01%%.
Data on historical trading for Kraft Heinz Co (NASDAQ:KHC) indicates that the trading volumes over the past 10 days have averaged 8.0 million and over the past 3 months, they’ve averaged 8.37 million. According to company’s latest data on outstanding shares, there are 1.22 billion shares outstanding.
Nearly 0.38% of Kraft Heinz Co’s shares belong to company insiders and institutional investors own 79.22% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 20.99 million shares as on Mar 15, 2024, resulting in a short ratio of 2.57. According to the data, the short interest in Kraft Heinz Co (KHC) stood at 1.73% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 20.64 million. The stock has risen by 0.22% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the KHC stock heading into the next quarter.
