The Kraft Heinz Company (KHC) stock is expected to deviate a maximum of $4.13 from the average target price of $90.46 for the short term period. 11 Street Experts have initiated coverage on the stock with the most promising target being $98 and the most muted being $83.
The Kraft Heinz Company (KHC) stated loss of 792,095 shares or 5.3% in the short interest. The short interest registered from 15,008,144 on June 15,2016 to 14,216,049 on June 30,2016. In terms of floated shares, the shorted positions stood at 1.2%. The stock has been averaging 4,107,914 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Argus Research initiates coverage on The Kraft Heinz Company (NASDAQ:KHC) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $91 per share. The rating by the firm was issued on April 27, 2016.
The Kraft Heinz Company (NASDAQ:KHC): On Thursdays trading session , Opening price of the stock was $89.14 with an intraday high of $89.247. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $87.86. However, the stock managed to close at $88.34, a loss of 0.76% for the day. On the previous day, the stock had closed at $89.02. The total traded volume of the day was 3,457,827 shares.
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.