22-Apr-2024
Analysts’ Top Consumer Goods Picks: Sysco (SYY), Kraft Heinz (KHC)
TipRanks (Mon, 22-Apr 6:30 AM ET)
Hold Rating on Kraft Heinz Amid Mixed Performance and Market Pressures
TipRanks (Thu, 18-Apr 5:15 AM ET)
Business Wire (Tue, 16-Apr 6:00 AM ET)
Business Wire (Tue, 9-Apr 8:00 AM ET)
The Kraft Heinz Company to Report First Quarter 2024 Results on May 1, 2024
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Yes, Chef! KRAFT Unveils New Line of Restaurant-Worthy Creamy Sauces
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Live La Dolce VELVEETA with New Limited-Edition VELVEETA Gold Hair Dye
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Business Wire (Mon, 25-Mar 9:00 AM ET)
Kraft Heinz Named to Fast Company's Annual List of the World's Most Innovative Companies
Business Wire (Tue, 19-Mar 8:00 AM ET)
Lunchables Dunkables Sets Out to Prove That Nothing Out-Imagines Kids, Not Even A.I.
Business Wire (Tue, 12-Mar 9:01 AM ET)
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm has a growing presence in foodservice. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.
Kraft Heinz Company trades on the NASDAQ stock market under the symbol KHC.
As of April 22, 2024, KHC stock price climbed to $38.15 with 6,477,093 million shares trading.
KHC has a beta of 0.17, meaning it tends to be less sensitive to market movements. KHC has a correlation of 0.01 to the broad based SPY ETF.
KHC has a market cap of $46.38 billion. This is considered a Large Cap stock.
Last quarter Kraft Heinz Company reported $7 billion in Revenue and $.78 earnings per share. This fell short of revenue expectation by $-120 million and exceeded earnings estimates by $.01.
In the last 3 years, KHC stock traded as high as $44.95 and as low as $30.68.
The top ETF exchange traded funds that KHC belongs to (by Net Assets): VTI, QQQ, VOO, SPY, IVV.
KHC stock has underperformed the market in the last year with a return of +0.7%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in KHC shares. However, KHC has outperformed the market in the last 3 month and 2 week periods, returning +4.0% and +2.9%, while SPY returned +3.9% and -3.6%, respectively. This indicates KHC has been having a stronger performance recently.
KHC support price is $37.43 and resistance is $38.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KHC stock will trade within this expected range on the day.