Kraft Heinz Co (NASDAQ:KHC) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totalling 21,046,600 shares, a decline of 5.4% from the May 30th total of 22,243,400 shares. Currently, 2.2% of the company’s shares are sold short. Based on an average daily volume of 8,910,000 shares, the short-interest ratio is presently 2.4 days.
KHC stock traded down $0.16 during trading on Tuesday, hitting $30.52. The company had a trading volume of 46,166 shares, compared to its average volume of 7,154,639. The stock has a 50-day moving average price of $30.11. Kraft Heinz has a one year low of $26.96 and a one year high of $64.99. The firm has a market cap of $37.35 billion, a PE ratio of 8.65, a PEG ratio of 3.01 and a beta of 0.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.85 and a current ratio of 1.21.
KHC has been the topic of several research reports. Zacks Investment Research cut GenMark Diagnostics from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. UBS Group restated a “buy” rating and set a $25.00 price target on shares of Infineon Technologies in a report on Tuesday, May 7th. Evercore ISI initiated coverage on Mondelez International in a report on Tuesday, June 11th. They set an “outperform” rating and a $62.00 price target on the stock. BidaskClub upgraded YY from a “strong sell” rating to a “sell” rating in a report on Thursday, May 30th. Finally, Wolfe Research cut Kraft Heinz from a “peer perform” rating to an “underperform” rating and set a $27.00 price target on the stock. in a report on Friday, March 29th. Five analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $41.22.
Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
Featured Story: Futures Contract
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.