Kraft Heinz Co (NASDAQ: KHC) Is A Safe Investment Now, Isn’t It?

Kraft Heinz Co (NASDAQ:KHC) shares, rose in value on Friday, November 22, with the stock price up by 0.48% to the previous day’s close as strong demand from buyers drove the stock to $31.24.

Actively observing the price movement in the recent trading, the stock is buoying the session at $31.09, falling within a range of $31.05 and $31.49. The value of beta (5-year monthly) is 0.475 whereas the PE ratio is 28.05 over 12-month period. Referring to stock’s 52-week performance, its high was $38.96, and the low was $30.40. On the whole, KHC has fluctuated by -10.82% over the past month.

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With the market capitalization of Kraft Heinz Co currently standing at about $37.77 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December. The company’s Forward Dividend Ratio is 1.60, with its dividend yield at 5.12%.

Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 26B, with a low estimate of 6.66B and a high estimate of 6.78B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 6.69B.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that KHC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.

The stock’s technical analysis shows that the PEG ratio is about 15.03, with the price of KHC currently trading nearly -4.05% and -8.31% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.14, while the 7-day volatility ratio is showing 2.13% which for the 30-day chart, stands at 1.76%. Furthermore, Kraft Heinz Co (KHC)’s beta value is 0.47, and its average true range (ATR) is 0.60.

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 0.48% in today’s session so far, and over the past year, it shrunk by -9.92%%.

Data on historical trading for Kraft Heinz Co (NASDAQ:KHC) indicates that the trading volumes over the past 10 days have averaged 11.39 and over the past 3 months, they’ve averaged 7.80 million. According to company’s latest data on outstanding shares, there are 1.22 billion shares outstanding.

Nearly 0.39% of Kraft Heinz Co’s shares belong to company insiders and institutional investors own 82.68% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 37.66 million shares as on 2024-10-31, resulting in a short ratio of 5.79. According to the data, the short interest in Kraft Heinz Co (KHC) stood at 428.00 of shares outstanding as of 2024-10-31; the number of short shares registered in 2024-09-30 reached 35.01 million. The stock has fallen by -15.52% 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.

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