Is Buying Stock Like Kraft Heinz Co Good Idea After Today’s Bullish Options Activity?

 Is Buying Stock Like Kraft Heinz Co Good Idea After Today's Bullish Options Activity?

In today’s session Kraft Heinz Co (KHC) registered an unusually high (1,100) 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 1,100 contracts traded and 226144 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: KHC170120C00095000 closed last at: $0.75 or 150% up. About 1.54 million shares traded hands. Kraft Heinz Co (NASDAQ:KHC) has risen 8.25% since April 8, 2016 and is uptrending. It has outperformed by 2.60% the S&P500.

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 18.97% above today’s ($81.28) stock price. Kraft Heinz has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Conviction Buy” rating by Goldman Sachs given on Wednesday, March 16. Argus Research maintained the stock with “Buy” rating in Wednesday, September 28 report. 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, April 27. Bernstein upgraded the shares of KHC in a report on Thursday, July 30 to “Outperform” rating. The firm earned “Positive” rating on Friday, August 26 by Susquehanna. RBC Capital Markets initiated Kraft Heinz Co (NASDAQ:KHC) on Tuesday, July 21 with “Outperform” rating. The stock of Kraft Heinz Co (NASDAQ:KHC) earned “Neutral” rating by Susquehanna on Monday, October 26. Vetr upgraded Kraft Heinz Co (NASDAQ:KHC) on Monday, August 17 to “Buy” rating.

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 $95.13 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 35.62 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 important recent Kraft Heinz Co (NASDAQ:KHC) news were published by: Reuters.com which released: “Kraft Heinz third-quarter sales dip 1.5 percent, below estimates” on November 03, 2016, also Benzinga.com published article titled: “Kraft Heinz Co Ripe For A Breakout: Vetr”, Bizjournals.com published: “Kraft Heinz adds director to board” on October 24, 2016. More interesting news about Kraft Heinz Co (NASDAQ:KHC) was released by: Democratandchronicle.com and their article: “Kraft Heinz Company recalls 959 lbs of Lunchables” with publication date: October 10, 2016.

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