Kraft Heinz Shares Edge Up Amid Market Downturn

Published 5 days agoKHC

Kraft Heinz Shares Edge Up Amid Market Downturn

Kraft Heinz shares saw a modest increase of 1.07%, reaching $29.78 on April 21, 2025. This rise in stock price contrasts with the broader market downturn, as major indices like the Dow Jones, Nasdaq, and S&P 500 fell by 1.77%, 2.61%, and 2.03%, respectively, that same day.

Despite the market's decline, Kraft Heinz exhibited resilience, maintaining a volatility rate of 1.40%. The company's market capitalization rose by 1.10% over the past week, now standing at approximately $35.20 billion. Notably, Kraft Heinz's negative beta coefficient of -0.10 suggests an inverse relationship with the broader stock market, which may explain its contrary performance during the downturn, according to Insider Monkey.

Looking ahead, Kraft Heinz plans to release its next earnings report on April 29, 2025. In the previous quarter, the company reported an earnings per share of $0.84, exceeding the estimated $0.78, representing a 7.62% beat. For the upcoming quarter, Kraft Heinz has forecasted an earnings per share of $0.60. The company's recent stock performance suggests it might continue to maintain stability despite fluctuating market conditions.

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