Could The Kraft Heinz Company (NASDAQ:KHC) See a Reversal After More Sellers Came In?

April 17, 2018 - By Richard Conner

The Kraft Heinz Company (NASDAQ:KHC) Logo

The stock of The Kraft Heinz Company (NASDAQ:KHC) registered an increase of 1.83% in short interest. KHC’s total short interest was 24.63 million shares in April as published by FINRA. Its up 1.83% from 24.19 million shares, reported previously. With 6.35 million shares average volume, it will take short sellers 4 days to cover their KHC’s short positions. The short interest to The Kraft Heinz Company’s float is 2.76%.

The stock increased 0.70% or $0.43 during the last trading session, reaching $61.62. About 1.16 million shares traded. The Kraft Heinz Company (NASDAQ:KHC) has declined 33.48% since April 17, 2017 and is downtrending. It has underperformed by 45.03% the S&P500.

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $75.11 billion. The Company’s products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. It has a 6.88 P/E ratio. The firm offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

The Kraft Heinz Company (NASDAQ:KHC) Ratings Coverage

Among 15 analysts covering Kraft Heinz (NASDAQ:KHC), 10 have Buy rating, 2 Sell and 3 Hold. Therefore 67% are positive. Kraft Heinz has $100.0 highest and $60 lowest target. $81.57’s average target is 32.38% above currents $61.62 stock price. Kraft Heinz had 25 analyst reports since October 23, 2017 according to SRatingsIntel. The stock of The Kraft Heinz Company (NASDAQ:KHC) has “Market Perform” rating given on Tuesday, February 20 by BMO Capital Markets. The company was maintained on Monday, February 26 by Jefferies. The stock has “Buy” rating by Piper Jaffray on Monday, January 29. The stock of The Kraft Heinz Company (NASDAQ:KHC) earned “Buy” rating by Stifel Nicolaus on Monday, October 23. The firm has “Buy” rating by RBC Capital Markets given on Thursday, December 21. BMO Capital Markets maintained the stock with “Market Perform” rating in Thursday, November 2 report. The firm has “Buy” rating given on Tuesday, February 20 by DZ Bank. The company was maintained on Tuesday, February 20 by Barclays Capital. JP Morgan maintained The Kraft Heinz Company (NASDAQ:KHC) rating on Tuesday, February 20. JP Morgan has “Overweight” rating and $81 target. Barclays Capital maintained the shares of KHC in report on Thursday, March 29 with “Overweight” rating.

The Kraft Heinz Company (NASDAQ:KHC) Ratings Chart

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