The Potential Rise in the Price of The Kraft Heinz Company (KHC) following insiders activity


In a filing, The Kraft Heinz Company revealed its VP, Global Controller (PAO) Garlati Vince unloaded Company’s shares for reported $0.77 million on Aug 17. In the deal valued at $33.56 per share,22,969 shares were sold. As a result of this transaction, Garlati Vince now holds 74,832 shares worth roughly $ 2.53 million.

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Then, La Lande Rashida sold 10,994 shares, generating $368,854 in total proceeds. Upon selling the shares at $33.55, the EVP, Global GC & CSCAO now owns 165,268 shares.

Before that, La Lande Rashida sold 16,453 shares. The Kraft Heinz Company shares valued at $577,007 were divested by the EVP, Global GC & CSCAO at a price of $35.07 per share. As a result of the transaction, La Lande Rashida now holds 206,243 shares, worth roughly $6.98 million.

PT values the company’s stock at a premium of 23.09 to its Monday closing price.

Price Performance Review of KHC

On Monday, The Kraft Heinz Company [NASDAQ:KHC] saw its stock fall -0.03% to $33.84. On the same session, the stock had its day’s lowest price of $33.71, but rose to a high of $34.045. Over the last five days, the stock has gained 1.08%. The Kraft Heinz Company shares have fallen nearly -16.88% since the year began. Nevertheless, the stocks have fallen -12.35% over the past one year. While a 52-week high of $42.80 was reached on 01/09/23, a 52-week low of $32.73 was recorded on 08/22/23. SMA at 50 days reached $35.26, while 200 days put it at $38.30. A total of 5.73 million shares were traded, compared to the trading of 7.27 million shares in the previous session.

Levels Of Support And Resistance For KHC Stock

The 24-hour chart illustrates a support level at 33.69, which if violated will result in even more drops to 33.53. On the upside, there is a resistance level at 34.02. A further resistance level may holdings at 34.20. The Relative Strength Index (RSI) on the 14-day chart is 37.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.66%. Stochastics %K at 29.48% indicates the stock is a holding.

How much short interest is there in The Kraft Heinz Company?

A steep rise in short interest was recorded in The Kraft Heinz Company stocks on Aug 14, 2023, growing by 20000.0 shares to a total of 14.63 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 14.61 million shares. There was a rise of 0.14%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.84.

The Kraft Heinz Company [KHC] – Who Are The Largest Shareholders?

In filings from Berkshire Hathaway, Inc., it is revealed that the company now owns 325,634,818 shares, or roughly 26.53% of the outstanding KHC shares. Additionally, The Vanguard Group, Inc. increased 1.43% of its stake after which the total value it holdings stand at $2,402,871,545, while BlackRock Fund Advisors added 6.73% of its stake to hold $1.37 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 1,080,196 shares of The Kraft Heinz Company, while Capital Research & Management Co bought -6,269 shares. At present, Managed Account Advisors LLC is holding 22,108,539 shares valued at $799.89 million. BlackRock Advisors LLC owned 18,195,188 shares of the company at the time of its most recent 13F filing, worth $658.3 million.

According to FactSet, The Kraft Heinz Company’s share price will average $42.22 in the next year, based on opinions of analysts polled by the firm. This is up nearly 19.65 percent from its previous closing price of $33.85. Analysts expect The Kraft Heinz Company stock to reach the higher price of $50.00, while the lowest price estimate is $37.90. However, 22 analysts have rated KHC stock as an Overweight in their predictions for 2023.


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