An Evaluation Of Kraft Heinz Co (NASDAQ: KHC) Prospects

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Earlier, Yahoo Finance discussed this stock as it revealed Philadelphia Cream Cheese Debuts its First-Ever No-Hole Bagel in Partnership with North America’s Most Beloved Bagel Shops.

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Stocks Info

KHC belongs to the Consumer Defensive sector of the NASDAQ while operating in the Packaged Foods industry. At the end of the last regular session, the stock closed at $37.13 and fluctuated between $37.61 as its day high and $37.03 as its day low. The current market capitalization of Kraft Heinz Co is $45.54B. A total of 6.27 million shares were traded on the day, compared to an average of 8.33M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. 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

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. Kraft Heinz Co pays an annual dividend of $1.60, resulting in a dividend yield of 4.31%, and it has a price to earnings (P/E) ratio of 15.34. 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.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for KHC in the last 3 months, the mean price target is $39.21 with high estimates of $44.00 and low estimates of $35.00. In terms of 52-week highs and lows, KHC has a high of $41.47 and a low of $30.68.

As of this writing, KHC has an earnings estimate of $Kinross Gold Corporation per share for the current quarter. EPS was calculated based on a consensus of The Kraft Heinz Company estimates, with a high estimate of $Kingsoft Cloud Holdings Limited per share and a lower estimate of $Bausch Health Companies Inc.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 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. 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 3.82.

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