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How Do Kraft Heinz and Its Peers Compare to Key Moving Averages?

Sue Miller

Did Kraft Heinz End Fiscal 2015 on a Good Note?

(Continued from Prior Part)

Moving averages

Kraft Heinz (KHC) closed at $77.8 on February 26, 2016. Kraft Heinz is trading 5.7% above its 100-day moving average, 6.3% above its 50-day moving average, and 5.4% above its 20-day moving average. So far, the stock rose 5% in 2016.

Kraft Heinz’s peers in the industry include Mondelez (MDLZ), ConAgra Foods (CAG), and WhiteWave Foods (WWAV). Mondelez closed at $40.69. This is 5.8% and 2.1% below the 100-day and 50-day moving averages. It’s 2.8% above the 20-day moving average, respectively. So far, the stock rose 7% in 2016.

On February 26, ConAgra Foods closed at $42.08. This is 2.9% above its 100-day moving average, 3.0% above its 50-day moving average, and 2.2% above its 20-day moving average. So far, ConAgra rose 1.3% in 2016.

WhiteWave Foods is trading 0.1% below its 100-day moving average. It’s trading 4.6% and 5.4% above its 50-day and 20-day moving averages, respectively. So far, it hasn’t gained much in 2016. WhiteWave Foods closed at $39.03 on February 26.

The Guggenheim S&P 500 Equal Weight Consumer Staples ETF (RHS) invests 2.8% of its holdings in Kraft Heinz, 2.5% of its holdings in Mondelez, and 2.7% of its holdings in ConAgra Foods. RHS is trading 4.1%, 2.8%, and 1.9% above its 100-day, 20-day, and 50-day moving averages. It closed at $117.83 on February 26.

Analysts’ estimates

Analysts’ estimates indicate rises of 7.5% for Kraft Heinz, 9.6% for Mondelez, 8.1% for ConAgra Foods, and 14.6% for WhiteWave Foods for the next 12-month period. As of February 26, Kraft Heinz, WhiteWave Foods, and Mondelez rose 7.0%, 0.31%, and 9.3%, respectively, on a YTD (year-to-date) basis. ConAgra Foods has fallen 0.19% YTD. RHS has risen 1.5% YTD. The iShares Morningstar Mid-Cap Value ETF (JKI) also invests 1.3% of its portfolio in ConAgra Foods.

In the next part of this series, we’ll look at the rise in earnings in fiscal 4Q15 and what contributed to it.

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