Kraft Heinz (KHC) Gains As Market Dips: What You Should Know

This story originally appeared on Zacks

Kraft Heinz (KHC) closed at $36.83 in the latest trading session, posting a move of +0.19% from the day before. The move outpaced the S&P 500’s daily loss of 0.1%. Meanwhile, the Dow lost 0.47%, and the tech-heavy Nasdaq lost 0.47%.

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As of today, shares of the maker of Oscar Mayer meat, Jell-O pudding, and Velveeta cheese are up 10.89% in the last month. At the same time, the consumer goods sector rose 7.91%, while the S&P 500 index rose 3.67%.

Kraft Heinz will be looking to show strength as it nears its next earnings release. The company is expected to report earnings per share of $0.63, down 21.25% from the previous quarter. Meanwhile, our latest consensus estimate calls for revenue of $6.6 billion, down 4.82% from the prior year quarter.

Investors should also note any recent changes to analyst estimates for Kraft Heinz. Recent reviews tend to reflect the latest near-term business trends. With this in mind, we can take the positive rating reviews as a sign of optimism about the company’s business outlook.

Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. We developed Zacks Rank to take advantage of this phenomenon. Our system takes these discretionary changes into account and provides a clear and actionable rating model.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank has a track record of outperforming externally audited, with the #1 stock having achieved a +25% average annual return since 1988. Within 30 In the past few days, our EPS forecast has remained stagnant. Kraft Heinz has a Zacks rating of 3 (Hold) at the moment.

Looking at the valuation, Kraft Heinz currently has a forward P/E ratio of 14.04. This is a discount compared to the industry’s forward P/E average of 19.32.

Investors should also note that KHC has a PEG ratio of 2.81 at the moment. This metric is used similarly to the popular P/E ratio, but the PEG ratio also takes into account the expected earnings growth rate for the stock. The industry average price-to-expense ratio for Kingdom Holdings was 3.44 as of yesterday’s close.

The food and diversified food industry is part of the consumer food sector. The industry currently has a Zacks Industry Rating of 220, placing it in the lowest 14% of all over 250 industries.

Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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