KHC Stock Summary and Trading Ideas (Kraft Heinz Company | NASDAQ:KHC)

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 19, 2024, KHC stock price climbed to $37.78 with 8,191,500 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 $45.93 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 has underperformed the market in the last year with a return of -0.2%, while the SPY ETF gained +21.2%. In the last 3 month period, KHC fell short of the market, returning +3.0%, while SPY returned +3.0%. However, in the most recent 2 weeks KHC has outperformed the stock market by returning +1.9%, while SPY returned -4.5%.

KHC support price is $36.79 and resistance is $37.43 (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.