The Kraft Heinz Co (NASDAQ: KHC) has reported E.P.S. of $0.66 for its first fiscal quarter (ending March 31) versus $0.68 for the same period a year ago — a decline of -3%. Relative to the consensus estimate of $0.73, this was a shortfall of $-0.07. For the latest four quarters through March 31, E.P.S. were $2.30 versus $1.98 for the same period a year ago — an increase of 16%.
Recent Price Action
The Kraft Heinz Co (NASDAQ: KHC) stock suffered a large decline of -6.0% on 5/1/24. The stock closed at $36.28. Moreover, this decline was accompanied by exceptionally high trading volume at 203% of normal. The stock has been strong relative to the market over the last nine months but has declined -4.7% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, KHC is expected to continue to be an important Value Builder.
Kraft Heinz has a current Value Trend Rating of A (Highest Rating). This VT Rating improved modestly in recent days from B previously. This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Kraft Heinz has a slightly positive Power Rating of 66 and a good Appreciation Score of 78, resulting in the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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