HSBC Securities slashes price target on Kraft Heinz Co [KHC] – find out why.

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Kraft Heinz Co [NASDAQ: KHC] jumped around 0.35 points on Monday, while shares priced at $33.24 at the close of the session, up 1.06%. The company report on November 13, 2023 at 8:01 AM that HEINZ® and World-Renowned Chef Marcus Samuelsson Elevate Up-and-Coming Black Chefs with New ‘Open Kitchen’ Series.

The newest program from the HEINZ® Black Kitchen Initiative serves up top restaurant takeovers.

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HEINZ® announces today Open Kitchen, a new event series from the brand’s Black Kitchen Initiative. Kicking off in partnership with world-renowned chef, Marcus Samuelsson, past and current Black Kitchen Initiative grantees will take over restaurant kitchens for exclusive pop-up experiences. Open Kitchen gives up-and-coming Black chefs new opportunities, experiences, resources, and exposure for their culinary businesses – currently one of the largest barriers to success in the American restaurant industry. The first takeovers will happen in New York and Atlanta.

Kraft Heinz Co stock is now -18.35% down from its year-to-date (YTD) trading value. KHC Stock saw the intraday high of $33.48 and lowest of $32.775 per share. The company’s 52-week high price is 42.80, which means current price is +8.34% above from all time high which was touched on 01/09/23.

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Compared to the average trading volume of 7.77M shares, KHC reached a trading volume of 6531954 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Kraft Heinz Co [KHC]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for KHC shares is $37.73 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 2.23. 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.

HSBC Securities have made an estimate for Kraft Heinz Co shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 22, 2023.

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The Average True Range (ATR) for Kraft Heinz Co is set at 0.62, with the Price to Sales ratio for KHC stock in the period of the last 12 months amounting to 1.50. The Price to Book ratio for the last quarter was 0.83, with the Price to Cash per share for the same quarter was set at 0.86. Price to Free Cash Flow for KHC in the course of the last twelve months was 16.25 with Quick ratio for the last quarter at 0.52.

How has KHC stock performed recently?

Kraft Heinz Co [KHC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.15. With this latest performance, KHC shares gained by 5.76% in over the last four-week period, additionally sinking by -17.25% over the last 6 months – not to mention a drop of -12.23% 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 57.68, with the RSI for the last a single of trading hit 62.19, and the three-weeks RSI is set at 54.21 for Kraft Heinz Co [KHC]. The present Moving Average for the last 50 days of trading for this stock 32.77, while it was recorded at 33.07 for the last single week of trading, and 36.39 for the last 200 days.

Kraft Heinz Co [KHC]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Kraft Heinz Co [KHC] shares currently have an operating margin of +17.15 and a Gross Margin at +30.48. Kraft Heinz Co’s Net Margin is presently recorded at +8.92.

Return on Total Capital for KHC is now 6.42, given the latest momentum, and Return on Invested Capital for the company is 3.39. Return on Equity for this stock inclined to 4.82, with Return on Assets sitting at 2.57. When it comes to the capital structure of this company, Kraft Heinz Co [KHC] has a Total Debt to Total Equity ratio set at 42.69. Additionally, KHC Total Debt to Total Capital is recorded at 29.92, with Total Debt to Total Assets ending up at 22.96. Long-Term Debt to Equity for the company is recorded at 40.71, with the Long-Term Debt to Total Capital now at 28.53.

Reflecting on the efficiency of the workforce at the company, Kraft Heinz Co [KHC] managed to generate an average of $63,865 per employee. Receivables Turnover for the company is 12.99 with a Total Asset Turnover recorded at a value of 0.29.Kraft Heinz Co’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.52 and a Current Ratio set at 1.00.

Earnings analysis for Kraft Heinz Co [KHC]

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 Kraft Heinz Co go to 5.14%.

Insider trade positions for Kraft Heinz Co [KHC]

The top three institutional holders of KHC stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in KHC stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in KHC stock with ownership which is approximately 5.7994%.

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