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 (1,770) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious KHC decrease. With 1,770 contracts traded and 67814 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: KHC170120P00080000 closed last at: $1.25 or 13.8% down. About 363,574 shares traded hands. Kraft Heinz Co (NASDAQ:KHC) has risen 4.20% since April 28, 2016 and is uptrending. It has underperformed by 1.73% the S&P500.

Analysts await Kraft Heinz Co (NASDAQ:KHC) to report earnings on February, 23. They expect $0.87 EPS, up 40.32% or $0.25 from last year’s $0.62 per share. KHC’s profit will be $1.03 billion for 23.14 P/E if the $0.87 EPS becomes a reality. After $0.83 actual EPS reported by Kraft Heinz Co for the previous quarter, Wall Street now forecasts 4.82% 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 20.06% above today’s ($80.54) stock price. Kraft Heinz has been the topic of 10 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Tuesday, August 16. On Wednesday, September 28 the stock rating was maintained by Argus Research with “Buy”. The stock of Kraft Heinz Co (NASDAQ:KHC) has “Conviction Buy” rating given on Wednesday, March 16 by Goldman Sachs. RBC Capital Markets initiated Kraft Heinz Co (NASDAQ:KHC) on Tuesday, July 21 with “Outperform” rating. The firm has “Positive” rating given on Friday, August 26 by Susquehanna. The stock of Kraft Heinz Co (NASDAQ:KHC) has “Outperform” rating given on Thursday, July 30 by Bernstein. The rating was initiated by Susquehanna with “Neutral” on Monday, October 26. The stock has “Buy” rating given by Vetr on Monday, August 17. The stock of Kraft Heinz Co (NASDAQ:KHC) earned “Buy” rating by Argus Research on Wednesday, April 27.

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 $95.30 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 35.3 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 news for Kraft Heinz Co (NASDAQ:KHC) were recently published by: Businesswire.com, which released: “The Kraft Heinz Company Recommends Stockholders Reject ‘Mini-Tender’ Offer by …” on November 16, 2016. Wsj.com‘s article titled: “Kraft Heinz Profit Helped by Cost Cuts” and published on November 03, 2016 is yet another important article.

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