Traders See Bullish Options Activity Kraft Heinz Co

 Traders See Bullish Options Activity Kraft Heinz Co

In today’s session Kraft Heinz Co (KHC) registered an unusually high (1,796) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious KHC increase. With 1,796 contracts traded and 4584 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: KHC161118C00092500 closed last at: $0.7 or 0% . About 1.26 million shares traded hands. Kraft Heinz Co (NASDAQ:KHC) has risen 14.13% since March 14, 2016 and is uptrending. It has outperformed by 8.52% 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 $953.57 million for 28.84 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. Kraft Heinz has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Argus Research initiated it with “Buy” rating and $91 target price in Wednesday, April 27 report. The stock of Kraft Heinz Co (NASDAQ:KHC) earned “Outperform” rating by RBC Capital Markets on Tuesday, July 21. The stock has “Neutral” rating given by Susquehanna on Monday, October 26. The stock of Kraft Heinz Co (NASDAQ:KHC) has “Positive” rating given on Friday, August 26 by Susquehanna. The firm earned “Outperform” rating on Thursday, July 30 by Bernstein. The firm has “Conviction Buy” rating given on Wednesday, March 16 by Goldman Sachs. Credit Suisse maintained Kraft Heinz Co (NASDAQ:KHC) rating on Tuesday, August 16. Credit Suisse has “Outperform” rating and $100 price target. The stock has “Buy” rating given by Vetr on Monday, August 17. As per Wednesday, September 28, the company rating was maintained by Argus Research.

According to Zacks Investment Research, “The Kraft Heinz Company is a food and beverage company. The Company’s 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. The Kraft Heinz Company formerly known as Kraft Foods Group, Inc., is based in PITTSBURGH, United States.”

The Kraft Heinz Company is a food and beverage company. The company has a market cap of $110.02 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 65.99 P/E ratio. The Company’s divisions include the United States, Canada and Europe.

KHC Company Profile

The Kraft Heinz Company (Kraft Heinz), incorporated on February 8, 2013, is a food and beverage company. 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. The Company’s divisions include the United States, Canada and Europe. The Company’s remaining businesses are combined as Rest of World. The Rest of World consists of three divisions: Asia Pacific; Latin America, and Russia, India, the Middle East and Africa (RIMEA). The Firm provides products for various occasions whether at home, in restaurants or on the go. The Company’s brands include Heinz, Kraft, Oscar Mayer, Planters, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun and Ore-Ida. The Company’s products are sold through its own sales organizations and through independent brokers, agents and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors and institutions, including hotels, restaurants, hospitals, health care facilities and certain government agencies.

More recent Kraft Heinz Co (NASDAQ:KHC) news were published by: Marketwatch.com which released: “What to expect from Kraft Heinz Co. earnings” on August 01, 2016. Also Finance.Yahoo.com published the news titled: “The Kraft Heinz Company to Report Third Quarter 2016 Results on November 3, 2016” on October 13, 2016. Bizjournals.com‘s news article titled: “Kraft Heinz recalls mislabeled Lunchables” with publication date: October 10, 2016 was also an interesting one.

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