Is Kraft Heinz Co a Buy? The Stock Had Bullish Options Activity Today

 Is Kraft Heinz Co a Buy? The Stock Had Bullish Options Activity Today

In today’s session Kraft Heinz Co (KHC) registered an unusually high (1,916) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious KHC increase. With 1,916 contracts traded and 55184 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: KHC170120C00090000 closed last at: $2.1 or 6.7% down. About 564,216 shares traded hands. Kraft Heinz Co (NASDAQ:KHC) has risen 11.78% since March 29, 2016 and is uptrending. It has outperformed by 8.30% 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 $941.73 million for 28.85 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 8.81% above today’s ($88.87) stock price. Kraft Heinz has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. On Wednesday, March 16 the stock rating was upgraded by Goldman Sachs to “Conviction Buy”. The firm has “Outperform” rating given on Thursday, July 30 by Bernstein. The stock of Kraft Heinz Co (NASDAQ:KHC) has “Neutral” rating given on Monday, October 26 by Susquehanna. On Tuesday, July 21 the stock rating was initiated by RBC Capital Markets with “Outperform”. Argus Research initiated it with “Buy” rating and $91 target price in Wednesday, April 27 report. Vetr upgraded Kraft Heinz Co (NASDAQ:KHC) on Monday, August 17 to “Buy” rating. As per Friday, August 26, the company rating was maintained by Susquehanna. On Tuesday, August 16 the stock rating was maintained by Credit Suisse with “Outperform”. The stock of Kraft Heinz Co (NASDAQ:KHC) earned “Buy” rating by Argus Research on Wednesday, September 28.

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 $108.69 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 66.01 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 Bizjournals.com published the news titled: “Kraft Heinz adds director to board” on October 24, 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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