The Kraft Heinz Company (NASDAQ:KHC) traded at a new 52-week high today of $44.87. So far today approximately 240,000 shares have been exchanged, as compared to an average 30-day volume of 5.8 million shares.
In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm’s portfolio includes Oscar Mayer, Ore-Ida, and Philadelphia. Outside North America, the firm’s global reach includes a distribution network in Europe and emerging markets that drive around one fifth of its consolidated sales base, as its products are sold in more than 190 countries and territories.
The Kraft Heinz Company (NASDAQ:KHC) is currently priced 35.0% above its average consensus analyst price target of $29.09.
Over the past year, The Kraft Heinz Company has traded in a range of $28.56 to $44.87 and is now at $44.74, 57% above that low.
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