The Kraft Heinz Company (KHC) has been under a strong bear grip, hence the stock is down -0.24% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.81% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.87% in the last 1 week, and is up 0.79% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.24% and the 50-Day Moving Average is 3.11%. The Kraft Heinz Company (NASDAQ:KHC): stock turned positive on Friday. Though the stock opened at $89.23, the bulls momentum made the stock top out at $90.47 level for the day. The stock recorded a low of $89.23 and closed the trading day at $89.56, in the green by 0.13%. The total traded volume for the day was 1,539,255. The stock had closed at $89.44 in the previous days trading.
The company Insiders own 26.92% of The Kraft Heinz Company shares according to the proxy statements. Institutional Investors own 62.1% of The Kraft Heinz Company shares. Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, upgrades their rating on the shares of The Kraft Heinz Company (NASDAQ:KHC). Deutsche Bank has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on August 5, 2016.
The Kraft Heinz Company, formerly H.J. Heinz Holding Corporation, is a food and beverage company. The Company provides taste and nutrition foods for all eating occasions. The Companys brands include Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.