Kraft Heinz Co. stock trades under the ticker KHC & has shown recent bullishness that traders & investors should look closer into.
KHC stock closed at $40.13/share on 2/15/2023.
Kraft Heinz Co. KHC Stock’s Technical Performance Broken Down
KHC Stock Price: $40.13
10 Day Moving Average: $39.68
50 Day Moving Average: $40.41
200 Day Moving Average: $37.89
RSI: 50.54
MACD: -0.187
Yesterday, KHC stock completed a bullish MACD crossover, gaining +0.63% on the day’s session.
Recent trading volumes have been about average compared to the month prior, and their RSI is currently neutral.
They’ve recently been consolidating, with more near-term weakness signaled ahead, which will provide investors & traders with more favorable entry points.
KHC stock has support at the $40.04 & $39.68/share price levels, as they try to break out & above the $40.41 & $42.56/share resistance levels.
Kraft Heinz Co. KHC Stock As A Long-Term Investment
Long-term oriented investors will like KHC stock’s valuation metrics, with a 40.44 P/E (ttm) & a 1.01 P/B (mrq).
Investors will want to look into their recent growth metrics, with 2.9% Quarterly Revenue Growth Y-o-Y & -41.1% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will also require a more thorough examination before investing, with $997M in Total Cash (mrq) & $20.24B of Total Debt (mrq).
KHC stock pays a 4.01% dividend, which may not be sustainable in the long-run as their payout ratio is over 100%.
80.33% of KHC stock’s outstanding share float is owned by institutional investors.
Kraft Heinz Co. KHC Stock As A Short-Term Trade Using Options
Traders with shorter time horizons can trade options to profit from KHC stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 3/17 expiration date.
The $40, $30 & $37.50 call options are all in-the-money, listed from highest to lowest level of open interest.
The $42.50 & $50 puts are also all in-the-money, with the former strike being more liquid than the latter two.
Tying It All Together
KHC stock has many unique attributes that traders & investors will like.
Investors will like their valuation metrics & dividend yield, but should be aware that it may not be sustainable in the long-run at such high levels.
Traders will like their recent technical performance, as well as how liquid their options are.
Overall, it is worth taking a closer look into KHC stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OR OPTIONS POSITIONS IN KHC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***