Kraft Heinz Target of Unusually High Options Trading (KHC)

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Kraft Heinz Co (NASDAQ:KHC) was the target of some unusual options trading activity on Thursday. Investors acquired 21,164 call options on the stock. This represents an increase of 747% compared to the average volume of 2,498 call options.

In other Kraft Heinz news, EVP Eduardo Pelleissone sold 35,000 shares of the stock in a transaction on Monday, August 6th. The shares were sold at an average price of $63.85, for a total value of $2,234,750.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the stock in a transaction on Tuesday, August 7th. The stock was sold at an average price of $59.85, for a total transaction of $1,234,724,292.90. The disclosure for this sale can be found here. Corporate insiders own 26.81% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Guardian Investment Management grew its position in shares of Kraft Heinz by 12.5% in the 3rd quarter. Guardian Investment Management now owns 20,348 shares of the company’s stock valued at $1,121,000 after acquiring an additional 2,267 shares during the period. Cornerstone Wealth Management LLC boosted its holdings in shares of Kraft Heinz by 97.6% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 305,699 shares of the company’s stock worth $3,955,000 after buying an additional 150,967 shares during the period. Seven Eight Capital LP bought a new stake in shares of Kraft Heinz during the 3rd quarter worth about $12,949,000. Groesbeck Investment Management Corp NJ bought a new stake in shares of Kraft Heinz during the 3rd quarter worth about $347,000. Finally, Fiduciary Group LLC boosted its holdings in shares of Kraft Heinz by 31.1% during the 3rd quarter. Fiduciary Group LLC now owns 80,599 shares of the company’s stock worth $4,442,000 after buying an additional 19,119 shares during the period. 62.90% of the stock is owned by institutional investors.

Kraft Heinz stock opened at $57.56 on Friday. The firm has a market capitalization of $68.77 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.51. Kraft Heinz has a 1-year low of $53.03 and a 1-year high of $82.48. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 0.48.

Kraft Heinz (NASDAQ:KHC) last released its earnings results on Friday, August 3rd. The company reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.08. The business had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.57 billion. Kraft Heinz had a net margin of 40.85% and a return on equity of 6.16%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.98 earnings per share. On average, research analysts anticipate that Kraft Heinz will post 3.7 earnings per share for the current year.

KHC has been the topic of several analyst reports. Morgan Stanley initiated coverage on shares of Kraft Heinz in a report on Monday, September 17th. They issued an “underweight” rating and a $52.00 target price on the stock. Zacks Investment Research lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Wednesday, September 5th. BidaskClub upgraded shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Thursday, September 13th. Bank of America set a $85.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a report on Monday, August 6th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $75.00 target price on shares of Kraft Heinz in a report on Tuesday, August 7th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. Kraft Heinz presently has a consensus rating of “Hold” and an average target price of $72.02.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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