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Wednesday, February 1, 2023

Momentum Is Strong For The Kraft Heinz Company (NASDAQ: KHC)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for The Kraft Heinz Company (KHC) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $39.66. The The Kraft Heinz Company has recorded 253,826 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Oscar Mayer® Seeks the Next Class of Hotdoggers to Spark Smiles from Coast to Coast.


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Stocks Info

This NASDAQ-listed company operates within the Packaged Foods industry segment, falling under the Consumer Defensive sector. At the end of the last regular session, the stock closed at $39.66 and fluctuated between $42.20 as its day high and $39.56 as its day low. The current market capitalization of The Kraft Heinz Company is $48.59B. A total of 19.95 million shares were traded on the day, compared to an average of 6.75M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KHC has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 23,939 shares. Over the last 12 months, there were 68 BUYs and 39 SELLs from insiders. Insiders purchased 807,184 shares during that period but sold 89,049,159.

In the most recent transaction, Werneck Melissa sold 3,500 shares of KHC for 42.39 per share on Jan 09. After the transaction, the EVP & Global Chief People Ofcr now owns 266,583 company shares. In a previous transaction on Dec 01, Lima Marcos Eloi sold 23,939 shares at 40.00 per share. KHC shares that EVP & Glb Chief Procurement Of owns now total 173,020.

Among the insiders who sold shares, La Lande Rashida disposed of 30,000 shares on Aug 19 at a per-share price of $38.36. This resulted in the EVP, Global GC & CSCAO holding 223,062 shares of KHC after the transaction. In another insider transaction, Garlati Vince sold 19,938 shares at $38.43 per share on Aug 17. Company shares held by the VP, Global Controller (PAO) now total 94,843.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. The Kraft Heinz Company pays an annual dividend of $1.60, resulting in a dividend yield of 4.03%, and it has a price to earnings (P/E) ratio of 50.14. KHC’s most recent ex-dividend date was 11/23/2022 when it declared a $0.40 quarterly dividend that was paid in cash on 12/30/2022. Previously, the company paid the dividend on 9/23/2022 with an ex-dividend date of 8/25/2022. The KHC stock dividend was $0.40 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for KHC in the last 3 months, the mean price target is $42.82 with high estimates of $50.00 and low estimates of $36.00. In terms of 52-week highs and lows, KHC has a high of $44.87 and a low of $32.73.

As of this writing, KHC has an earnings estimate of $0.77 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $0.82 per share and a lower estimate of $0.74. The company reported an EPS of $0.7 in the last quarter, which was 2.90% higher than expectations of $0.68.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 22 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KHC is Sell with a score of 3.86. A total of 7 analysts rated the stock as Buy while 0 rated it as Overweight while 13 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 1 thought it should be Sold.

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