focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
KHC is completely undervalued at the moment. The div yield alone is screaming a strong buy. I will continue to buy at these undervalued prices.
Kraft Heinz (KHC) closed the most recent trading day at $31.13, moving +0.55% from the previous trading session. This move lagged the S&P 500's daily gain of 0.95%. Meanwhile, the Dow gained 0.94%, and the Nasdaq, a tech-heavy index, added 0.8%.
Coming into today, shares of the maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese had lost 2.89% in the past month. In that same time, the Consumer Staples sector gained 1.12%, while the S&P 500 gained 2.47%.
Investors will be hoping for strength from KHC as it approaches its nex t earnings release. On that day, KHC is projected to report earnings of $0.60 per share, which would represent a year-over-year decline of 32.58%. Meanwhile, our latest consensus estimate is calling for revenue of $6.08 billion, down 3.49% from the prior-year quarter.
KHC's full-year Zacks Consensus Estimates are calling for earnings of $2.81 per share and revenue of $25.85 billion. These results would represent year-over-year changes of -20.4% and -1.55%, respectively.
Any recent changes to analyst estimates for KHC should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.27% lower. KHC is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, KHC is holding a Forward P/E ratio of 11.01. For comparison, its industry has an average Forward P/E of 17.74, which means KHC is trading at a discount to the group.
Investors should also note that KHC has a PEG ratio of 3 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Food - Miscellaneous stocks are, on average, holding a PEG ratio of 2.45 based on yesterday's closing prices.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 42% of all 250+ industries.
"We are pleased that Kraft Heinz is returning to a path of normalization," said Alex Behring, Chairman of Kraft Heinz's Board of Directors. "The adjustments to correct prior year misstatements are in line with the preliminary amounts disclosed in our Form 8-K filed on May 6, 2019. In addition, we are thrilled to welcome Joao to the Board, as he brings significant consumer sector expertise to Kraft Heinz," said Mr. Behring.
This is one of Buffett's largest holdings. He paid nearly double the price that the shares are today. He is confident on KHC and I think we will see a huge recovery play here. If Buffett ups his holding in KHC, you can expect some serious gains.
moving up since.
Bought another 10k worth.
https://www.bing.com/videos/search?q=buffett+kraft+heinz&&view=detail&mid=3D98A55503F83252F4C93D98A55503F83252F4C9&&FORM=VRDGAR
Tempted to get in at the moment but finding it difficult to get reliable, free info on them
If anyone else is in KHC please post. I now have a very substantial holding. Looking at recovery. I think Buffett will buy more shares, sending this back up to $55 per share. A lot of money to be made IMHO.
I have been accumulating quite a decent amount of shares here since the drop and nice to think that I paid less than Buffett and Berkshire Hathaway!