Kraft Heinz Co (KHC) 20 Days SMA touches 3.41%: The odds favor the bear

Kraft Heinz Co (NASDAQ: KHC) on November 20, 2023, started off the session at the price of $33.56, soaring 0.39% from the previous trading day. During the day, the shares moved up to $33.89 and dropped to $33.545 before settling in for the closing price of $33.66. Within the past 52 weeks, KHC’s price has moved between $30.68 and $42.80.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Consumer Defensive sector was 0.36%. The company achieved an average annual earnings per share of 6.63%. With a float of $1.11 billion, this company’s outstanding shares have now reached $1.23 billion.

Considering the fact that the conglomerate employs 37000 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is +30.48, operating margin of +17.15, and the pretax margin is +11.20.

Kraft Heinz Co (KHC) Insider Activity

Observing investor behavior towards Packaged Foods industry stocks is more important than anything else. The insider ownership of Kraft Heinz Co is 9.51%, while institutional ownership is 78.04%. The most recent insider transaction that took place on Aug 17, was worth 770,948. In this transaction VP, Global Controller (PAO) of this company sold 22,969 shares at a rate of $33.56, taking the stock ownership to the 74,832 shares. Before that another transaction happened on Aug 17, when Company’s EVP, Global GC & CSCAO sold 10,994 for $33.55, making the entire transaction worth $368,854. This insider now owns 165,268 shares in total.

Kraft Heinz Co (KHC) Earnings and Forecasts

As on 9/29/2023, Multinational firm has announced its last quarter scores, in which it reported $0.72 earnings per share (EPS) for the period topping the consensus outlook (set at $0.66) by $0.06. This company achieved a net margin of +8.92 while generating a return on equity of 4.82. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.64 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 6.63% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 5.14% during the next five years compared to -26.48% drop over the previous five years of trading.

Kraft Heinz Co (NASDAQ: KHC) Trading Performance Indicators

Kraft Heinz Co (KHC) is currently performing well based on its current performance indicators. A quick ratio of 0.52 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.53. Likewise, its price to free cash flow for the trailing twelve months is 16.52.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.42, a number that is poised to hit 0.77 in the next quarter and is forecasted to reach 3.02 in one year’s time.

Technical Analysis of Kraft Heinz Co (KHC)

Compared to the last year’s volume of 7.29 million, its volume of 7.07 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 74.05%. Additionally, its Average True Range was 0.58.

During the past 100 days, Kraft Heinz Co’s (KHC) raw stochastic average was set at 51.92%, which indicates a significant decrease from 89.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 19.70% in the past 14 days, which was higher than the 18.10% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $32.85, while its 200-day Moving Average is $36.22. Nevertheless, the first resistance level for the watch stands at $33.94 in the near term. At $34.09, the stock is likely to face the second major resistance level. The third major resistance level sits at $34.28. If the price goes on to break the first support level at $33.59, it is likely to go to the next support level at $33.40. Should the price break the second support level, the third support level stands at $33.25.

Kraft Heinz Co (NASDAQ: KHC) Key Stats

Market capitalization of the company is 41.44 billion based on 1,226,539K outstanding shares. Right now, sales total 26,485 M and income totals 2,363 M. The company made 6,570 M in profit during its latest quarter, and 262,000 K in sales during its previous quarter.


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