Could Kraft Heinz Co See a Reversal After Today’s Strong Options Activity?


 Could Kraft Heinz Co See a Reversal After Today's Strong Options Activity?

In today’s session Kraft Heinz Co (KHC) recorded an unusually high (1,502) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious KHC decrease. With 1,502 contracts traded and 944 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: KHC161118P00090000 closed last at: $3 or 14.3% down. About 1.90 million shares traded hands. Kraft Heinz Co (NASDAQ:KHC) has risen 14.71% since March 1, 2016 and is uptrending. It has outperformed by 5.46% the S&P500.

Analysts await Kraft Heinz Co (NASDAQ:KHC) to report earnings on November, 3. They expect $0.77 earnings per share, up 75.00% or $0.33 from last year’s $0.44 per share. KHC’s profit will be $930.42 million for 28.66 P/E if the $0.77 EPS becomes a reality. After $0.85 actual earnings per share reported by Kraft Heinz Co for the previous quarter, Wall Street now forecasts -9.41% negative EPS growth.

Kraft Heinz Co (NASDAQ:KHC) Ratings Coverage

Out of 6 analysts covering Kraft Heinz (NASDAQ:KHC), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $114 is the highest target while $85.48 is the lowest. The $96.70 average target is 9.55% above today’s ($88.27) stock price. Kraft Heinz has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, August 17 by Vetr. The firm has “Neutral” rating given on Monday, October 26 by Susquehanna. Argus Research initiated Kraft Heinz Co (NASDAQ:KHC) on Wednesday, April 27 with “Buy” rating. On Tuesday, July 21 the stock rating was initiated by RBC Capital Markets with “Outperform”. The firm earned “Conviction Buy” rating on Wednesday, March 16 by Goldman Sachs. The rating was maintained by Argus Research with “Buy” on Wednesday, September 28. Bernstein upgraded Kraft Heinz Co (NASDAQ:KHC) on Thursday, July 30 to “Outperform” rating. The stock has “Outperform” rating given by Credit Suisse on Tuesday, August 16. As per Friday, August 26, the company rating was maintained by Susquehanna.

The Kraft Heinz Company is a food and beverage company. The company has a market cap of $106.66 billion. The Firm is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. It has a 65.38 P/E ratio. The Company’s divisions include the United States, Canada and Europe.

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