A company insider recently sold 30,000 shares of The Kraft Heinz Company [KHC]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. The Kraft Heinz Company shares valued at $1,150,803 were sold by La Lande Rashida on Aug 19. At $38.36 per share, La Lande Rashida sold 30,000 shares. The insider’s holdings dropped to 223,062 shares worth approximately $7.68 million following the completion of this transaction.


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Also, Garlati Vince sold 19,938 shares, netting a total of over 766,130 in proceeds. Following the sale of shares at $38.43 each, the insider now holds 94,843 shares.

Before that, La Lande Rashida had sold 3,500 shares from its account. In a trade valued at $127,960, the EVP, Global GC & CSCAO traded The Kraft Heinz Company shares for $36.56 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $9.18 million.

As published in a research note from Stifel on July 28, 2022, The Kraft Heinz Company [KHC] has been rated up from a Hold to a Buy and the price target has been revised to $43. This represents a 19.91% premium over Wednesday’s closing price. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of July 18, 2022, Mizuho has initiated its “Buy” rating for KHC. Earlier on June 22, 2022, BMO Capital Markets upgraded its rating. Their new recommendation was “an Outperform” for KHC stock which previously was a “a Market perform”.

Analyzing KHC’s Price Performance

On Wednesday, The Kraft Heinz Company [NASDAQ: KHC] rose 1.47% to $34.44. The stock’s lowest price that day was $34.01, but it reached a high of $35.16 in the same session. During the last five days, there has been a drop of approximately -1.49%. Over the course of the year, The Kraft Heinz Company shares have dropped approximately -4.07%. Shares of the company reached a 52-week high of $44.87 on 05/10/22 and a 52-week low of $33.79 on 09/20/22. A 50-day SMA is recorded $37.46, while a 200-day SMA reached $38.05. Nevertheless, trading volume fell to 9.01 million shares from 9.0 million shares the previous day.

Support And Resistance Levels for The Kraft Heinz Company (KHC)

According to the 24-hour chart, there is a support level at 33.91, which, if violated, would cause prices to drop to 33.39. In the upper region, resistance lies at 35.06. The next price resistance is at 35.69. RSI (Relative Strength Index) is 31.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.48, which suggests the price will decrease in the coming days. Percent R is at 86.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is The Kraft Heinz Company subject to short interest?

Stocks of The Kraft Heinz Company saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.36 million shares to 14.71 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 17.07 million shares. A decline of -16.04% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.95 of the overall float, the days-to-cover ratio (short ratio) decline to 1.95.

Which companies own the most shares of The Kraft Heinz Company (KHC)?

According to Berkshire Hathaway, Inc. filings, the company currently owns 325,634,818 shares, which is about 26.57% of the total KHC shares outstanding. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $2,079,240,882. SSgA Funds Management, Inc. acquire a 1.81% interest valued at $1.27 billion while BlackRock Fund Advisors purchased a 555,942 stake. A total of 6,491,476 shares of The Kraft Heinz Company were bought by Capital Research & Management Co during the quarter, and 2,293,000 were bought by Capital Research & Management Co. In its current portfolio, Franklin Mutual Advisers LLC holds 15,233,938 shares valued at $569.75 million.

In terms of The Kraft Heinz Company share price expectations, FactSet research, analysts set an average price target of $42.11 in the next 12 months, up nearly 23.01% from the previous closing price of $33.94. Analysts anticipate The Kraft Heinz Company stock to reach $48.00 by 2022, with the lowest price target being $34.00. In spite of this, 21 analysts ranked The Kraft Heinz Company stock as a Hold at the end of 2022. On May 26, 2022, UBS assigned a price target of “a Sell” to the stock and downgraded coverage with a $34.

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