After Hours
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. Yahoo Finance discussed the stock recently as it posted The Kraft Heinz Company to Report Fourth Quarter and Full Year 2023 Results on Feb. 14, 2024; Leadership to Present at 2024 CAGNY Conference on Feb. 21, 2024.
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Stocks Info
The company is listed on the NASDAQ and operates within the Packaged Foods industry segment. At the end of the last regular session, the stock closed at $37.79 and fluctuated between $37.99 as its day high and $37.43 as its day low. The current market capitalization of Kraft Heinz Co is $46.35B. A total of 7.68 million shares were traded on the day, compared to an average of 7.87M shares.
Insider Activity
Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, KHC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 47 BUYs and 38 SELLs from insiders. Insiders purchased 885,535 shares during that period but sold 1,088,825.
In the most recent transaction, Patricio Miguel sold 131,500 shares of KHC for 38.02 per share on Jan 02. After the transaction, the Director now owns 992,049 company shares. In a previous transaction on Nov 24, La Lande Rashida sold 13,238 shares at 35.00 per share. KHC shares that EVP, Global GC & CSCAO owns now total 153,494.
Among the insiders who sold shares, Garlati Vince disposed of 22,969 shares on Aug 17 at a per-share price of $33.56. This resulted in the VP, Global Controller (PAO) holding 74,832 shares of KHC after the transaction. In another insider transaction, La Lande Rashida sold 10,994 shares at $33.55 per share on Aug 17. Company shares held by the EVP, Global GC & CSCAO now total 165,268.
Dividend
The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Kraft Heinz Co pays an annual dividend of $1.60, resulting in a dividend yield of 4.23%, and it has a price to earnings (P/E) ratio of 15.61. KHC’s most recent ex-dividend date was 11/30/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 12/29/2023. Previously, the company paid the dividend on 9/29/2023 with an ex-dividend date of 8/31/2023. The KHC stock dividend was $0.40 per share in cash.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for KHC in the last 3 months, the mean price target is $39.05 with high estimates of $44.00 and low estimates of $33.00. In terms of 52-week highs and lows, KHC has a high of $42.62 and a low of $30.68.
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 $0.79 per share and a lower estimate of $0.75. The company reported an EPS of $0.79 in the last quarter, which was 3.90% higher than expectations of $0.76.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. KHC’s latest balance sheet shows that the firm has $3.44B in Cash & Short Term Investments as of fiscal 2021. There were $21.82B in debt and $9.06B in liabilities at the time. Its Book Value Per Share was $40.16, while its Total Shareholder’s Equity was $49.45B.
Analysts Opinion
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 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 Buy with a score of 3.88.
