For its second fiscal quarter (ending June 30), The Kraft Heinz Co (NASDAQ: KHC) has reported E.P.S. of $0.08 compared to $0.81 a year ago. For the latest four quarters through June 30, E.P.S. were $1.57 versus $2.58 for the same period a year ago.
Recent Price Action
On 7/31/24, The Kraft Heinz Co (NASDAQ: KHC) stock enjoyed a large increase of 4.0%, closing at $35.21. Moreover, exceptionally high trading volume at 264% of normal accompanied the advance. Relative to the market the stock has been weak over the last nine months but has risen 7.3% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, KHC is expected to continue to be an important Value Builder.
Kraft Heinz has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Kraft Heinz has a good Appreciation Score of 84 but a slightly negative Power Rating of 40, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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