In a filing, Kraft Heinz Co revealed its EVP & Pres. North America Navio Pedro F P unloaded Company’s shares for reported $1.51 million on Nov 05 ’24. In the deal valued at $33.45 per share,45,000 shares were sold. As a result of this transaction, Navio Pedro F P now holds 168,195 shares worth roughly $4.8 million.
Then, PEDRO FRANCISCO PREZENCO NAVIO bought 45,000 shares, generating $1,505,362 in total proceeds.
Before that, La Lande Rashida bought 15,000 shares. Kraft Heinz Co shares valued at $519,788 were divested by the Former Officer at a price of $34.65 per share.
Evercore ISI downgraded its Kraft Heinz Co [KHC] rating to an In-line from a an Outperform in a research note published on January 07, 2025; the price target was decreased to $35 from $38. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in mid November from “an Overweight” to “a Neutral”. Deutsche Bank also remained covering KHC and has decreased its forecast on October 31, 2024 with a “Hold” recommendation from previously “Buy” rating. Stifel revised its rating on October 25, 2024. It rated KHC as “a Hold” which previously was an “a Buy”.
Price Performance Review of KHC
On Friday, Kraft Heinz Co [NASDAQ:KHC] saw its stock fall -3.88% to $28.51. Over the last five days, the stock has lost -7.34%. Kraft Heinz Co shares have fallen nearly -7.16% since the year began. Nevertheless, the stocks have fallen -26.04% over the past one year. While a 52-week high of $38.96 was reached on 01/02/25, a 52-week low of $29.23 was recorded on 01/10/25. SMA at 50 days reached $31.48, while 200 days put it at $34.17.
Levels Of Support And Resistance For KHC Stock
The 24-hour chart illustrates a support level at 28.19, which if violated will result in even more drops to 27.88. On the upside, there is a resistance level at 29.13. A further resistance level may holdings at 29.75. The Relative Strength Index (RSI) on the 14-day chart is 25.25, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.61%. Stochastics %K at 16.02% indicates the stock is a buying.
How much short interest is there in Kraft Heinz Co?
A steep rise in short interest was recorded in Kraft Heinz Co stocks on 2024-12-13, dropping by -0.2 million shares to a total of 37.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 37.64 million shares. There was a decline of -0.53%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 12, 2024 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $34 price target.
