Kraft Heinz Co. Stock Slightly Slips in Positive Trading Session Despite Competitor Gains
June 3, 2023
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Kraft Heinz ($NASDAQ:KHC) Co. stock had a bit of a hiccup on Thursday, slipping slightly in a positive trading session despite its competitors making gains. Shares of the food and beverage company fell 0.08%, closing at $38.19. This came in spite of a generally positive day on the stock market as a whole, with the S&P index rising. Kraft Heinz Co. is a leading food and beverage company with a portfolio of iconic brands such as Kraft, Oscar Mayer, Velveeta, Maxwell House, Jell-O, and Breakstone’s, among other brands. The company has operations in both North America and Europe, specializing in condiments, sauces, cheese and dairy, and ready-to-eat meals.
In addition, the company is also involved in marketing and selling foodservice products.
Market Price
The company’s stock opened at $38.2 and closed at $38.5, representing a 0.8% increase from its prior closing price of $38.2. The stock has seen a slight erosion of value during the trading session in spite of the positive outlook of its competitors. Despite the minor drop in its stock, Kraft Heinz Co. still maintains a strong presence in the markets and is expected to remain competitive in the coming months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kraft Heinz. More…
| Total Revenues | Net Income | Net Margin |
| 26.93k | 2.42k | 11.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kraft Heinz. More…
| Operations | Investing | Financing |
| 2.47k | -886 | -3.67k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kraft Heinz. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 90.94k | 41.59k | 40.06 |
Key Ratios Snapshot
Some of the financial key ratios for Kraft Heinz are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.3% | -0.7% | 14.7% |
| FCF Margin | ROE | ROA |
| 5.6% | 5.0% | 2.7% |
Analysis
At GoodWhale, we have done a deep dive into KRAFT HEINZ‘s fundamentals to give you an up-to-date risk rating. Our analysis has determined that KRAFT HEINZ is a high-risk investment, given the financial and business risks associated with it. We have identified two warning signs in the company’s income statement and balance sheet that you should be aware of before making any investment decision. If you would like to find out more about what these warning signs are, make sure to register with us and get access to our detailed reports. More…
Peers
The Kraft Heinz Co. is a food and beverage company that offers a variety of products. Its competitors include Kellogg Co, General Mills Inc, and Treehouse Foods Inc.
– Kellogg Co ($NYSE:K)
Kellogg Co is a food manufacturing company that produces cereal, snacks, and other food products. The company has a market cap of $25.03 billion and a return on equity of 33.71%. Kellogg’s products are sold in more than 180 countries and include brands such as Kellogg’s, Keebler, Pop-Tarts, and Eggo. The company has more than 30,000 employees worldwide.
– General Mills Inc ($NYSE:GIS)
General Mills Inc is a food company that produces and markets branded consumer foods in the United States and internationally. The company’s products include cereals, yogurt, snacks, and baking mixes. General Mills Inc has a market cap of 46.37B as of 2022 and a return on equity of 20.18%. The company’s products are marketed under the brands including Cheerios, Lucky Charms, Nature Valley, and Betty Crocker.
– Treehouse Foods Inc ($NYSE:THS)
Treehouse Foods Inc is a food manufacturing company with a market cap of $2.7 billion as of 2022. The company has a return on equity of 0.58%. Treehouse Foods Inc manufactures and sells packaged foods and beverages in the United States. The company offers canned soups, salad dressings, peanut butter, syrups, and other food products. It also provides infant formula and baby food products; and pet food and pet snacks.
Summary
Kraft Heinz Co. stock performed poorly on Thursday when compared to its competitors. The stock closed at $38.19, down 0.08%, in stark contrast to the positive performance of the broader market. Investors may be concerned about Kraft Heinz’s long-term prospects, given the recent struggles the company has faced, including a weak financial outlook from its last earnings report.
Analysts feel that the company needs to focus on improving its brand and product mix in order to attract investors. Despite the challenging environment, Kraft Heinz remains an attractive option for some investors due to its strong portfolio of brands and relatively safe dividend yield.
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