The Kraft Heinz Company [NASDAQ: KHC] gained 0.47% or 0.18 points to close at $38.12 with a heavy trading volume of 7652923 shares. The company report on February 21, 2023 that Kraft Heinz and Ed Sheeran Ready to Tingle With Launch of New Bland-Busting Hot Sauce, Tingly Ted’s®.
From Robots to Self-Driving Cars: 5 AI Stocks to Consider for Your Portfolio
The artificial intelligence (AI) revolution is already here and it's about to change everything we know about everything. With the global market for AI projected to grow from $137 billion in 2022 to over $1.81 trillion by 2030, there's never been a better time to invest in this burgeoning industry. That's why we've compiled a list of the Top 5 AI Stocks to Buy for 2023. These companies are at the forefront of the AI revolution, and have the potential to deliver huge returns to investors like you.
Get our free report, "Top 5 AI Stocks to Buy for 2023".
New brand launch underpins Kraft Heinz’s larger transformation, using insight-led innovation to grow the company’s Taste Elevation platform around the world.
Today, The Kraft Heinz Company (Nasdaq: KHC) has unveiled a fresh collaboration with chart-topping musician Ed Sheeran to co-create ‘the ultimate’ hot sauce under the newly created Tingly Ted’s® brand. Available for pre-order now, Tingly Ted’s is the latest insight-led innovation from Kraft Heinz as it continues to grow its Taste Elevation platform around the world, expanding into new categories and channels to fuel its transformation.
It opened the trading session at $37.73, the shares rose to $38.74 and dropped to $37.73, the range by which the price of stock traded the whole day. The daily chart for KHC points out that the company has recorded 4.55% gains over the past six months. However, it is still -16.47% lower than its most recent low trading price.
If we look at the average trading volume of 6.69M shares, KHC reached to a volume of 7652923 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about The Kraft Heinz Company [KHC]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KHC shares is $42.95 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on KHC stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wells Fargo have made an estimate for The Kraft Heinz Company shares, keeping their opinion on the stock as Equal Weight, with their previous recommendation back on January 03, 2023. While these analysts kept the previous recommendation, Exane BNP Paribas raised their target price to Neutral. The new note on the price target was released on November 15, 2022, representing the official price target for The Kraft Heinz Company stock. Previously, the target price had yet another raise to $43, while Goldman analysts kept a Buy rating on KHC stock.
The Average True Range (ATR) for The Kraft Heinz Company is set at 0.69, with the Price to Sales ratio for KHC stock in the period of the last 12 months amounting to 1.76. The Price to Book ratio for the last quarter was 0.96, with the Price to Cash per share for the same quarter was set at 0.85.
Trading performance analysis for KHC stock
The Kraft Heinz Company [KHC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.23. With this latest performance, KHC shares dropped by -1.98% in over the last four-week period, additionally plugging by 4.55% over the last 6 months – not to mention a rise of 1.55% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for KHC stock in for the last two-week period is set at 37.84, with the RSI for the last a single of trading hit 35.60, and the three-weeks RSI is set at 40.37 for The Kraft Heinz Company [KHC]. The present Moving Average for the last 50 days of trading for this stock 40.04, while it was recorded at 38.16 for the last single week of trading, and 38.11 for the last 200 days.
The Kraft Heinz Company [KHC]: A deeper dive into fundamental analysis
The Kraft Heinz Company’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 0.90.
The Kraft Heinz Company [KHC]: An earnings per share (EPS) analysis
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for KHC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for The Kraft Heinz Company go to 2.24%.
An analysis of insider ownership at The Kraft Heinz Company [KHC]
There are presently around $33,560 million, or 78.30% of KHC stock, in the hands of institutional investors. The top three institutional holders of KHC stocks are: BERKSHIRE HATHAWAY INC with ownership of 325,634,818, which is approximately 0% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 69,225,624 shares of the stock with an approximate value of $2.64 billion in KHC stocks shares; and VANGUARD GROUP INC, currently with $2.59 billion in KHC stock with ownership of nearly 0.55% of the company’s market capitalization.
Positions in The Kraft Heinz Company stocks held by institutional investors increased at the end of Wednesday and at the time of the Wednesday reporting period, where 638 institutional holders increased their position in The Kraft Heinz Company [NASDAQ:KHC] by around 68,726,961 shares. Additionally, 426 investors decreased positions by around 39,338,702 shares, while 177 investors held positions by with 772,303,202 shares. The mentioned changes placed institutional holdings at 880,368,865 shares, according to the latest SEC report filing. KHC stock had 182 new institutional investments in for a total of 6,906,780 shares, while 70 institutional investors sold positions of 6,919,007 shares during the same period.