Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Kraft Heinz executive sells over $490k in stock

Published 15/03/2024, 07:34 am
© Reuters.
KHC
-

Kraft Heinz Co (NASDAQ:KHC) executive Cory Onell, who serves as the company's Chief Omnich Sales & AEM Officer, has sold 14,289 shares of common stock, a recent SEC filing revealed. The transaction, which took place on March 12, 2024, amounted to a total of over $490,000.

According to the details of the sale, the shares were sold at prices ranging from $34.620 to $34.630, with the reported price reflecting a weighted average of $34.6222 per share. Following this transaction, Onell still retains a substantial stake in the company, with 145,680 shares of Kraft Heinz Co remaining in his possession.

Investors often monitor insider transactions as they can provide insights into executives' perspectives on the company's current valuation and future prospects. It's worth noting, however, that insider sales can be motivated by various factors and may not necessarily indicate a bearish view on the company's future.

Kraft Heinz Co, known for its diverse portfolio of food and beverage products, has not provided any official comment regarding this transaction. The company's stock performance and future financial results remain a focus for investors and market analysts alike.

InvestingPro Insights

Amidst recent insider transactions at Kraft Heinz Co (NASDAQ:KHC), investors are keen to understand the company's financial health and future potential. According to InvestingPro data, Kraft Heinz is currently trading at a low P/E ratio of 14.67, with an adjusted P/E ratio for the last twelve months as of Q4 2023 at an even more attractive 11.88. This indicates that the company's earnings are potentially undervalued compared to its share price.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The company's profitability is also underscored by its robust gross profit margin of 33.72% over the same period, reflecting efficient cost management relative to revenue. Moreover, with a PEG ratio of 0.7, Kraft Heinz's price-to-earnings growth is appealing, suggesting that its earnings growth rate is outpacing its P/E ratio, a positive sign for future value.

InvestingPro Tips for Kraft Heinz highlight that the company has a perfect Piotroski Score of 9, which is a strong indicator of financial stability. Additionally, analysts predict that Kraft Heinz will be profitable this year, which is consistent with its performance over the last twelve months. For investors seeking more comprehensive analysis, InvestingPro offers additional insights. There are currently 4 more InvestingPro Tips available for Kraft Heinz at https://www.investing.com/pro/KHC, which could further inform investment decisions.

For those interested in accessing these valuable insights, InvestingPro invites you to use the coupon code PRONEWS24 to receive an additional 10% off a yearly or biyearly Pro and Pro+ subscription, helping you stay informed and ahead of the market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.