Investors Purchase High Volume of Kraft Heinz Call Options (NASDAQ:KHC)

Share on StockTwits

Kraft Heinz Co (NASDAQ:KHC) saw some unusual options trading activity on Wednesday. Stock traders purchased 393,481 call options on the stock. This is an increase of 4,034% compared to the typical volume of 9,519 call options.

Several research firms have issued reports on KHC. BidaskClub raised shares of Kraft Heinz from a “hold” rating to a “buy” rating in a research report on Thursday, November 7th. Credit Suisse Group set a $26.00 price objective on shares of Kraft Heinz and gave the company a “sell” rating in a research report on Friday, August 9th. Goldman Sachs Group lowered shares of Kraft Heinz from a “neutral” rating to a “sell” rating and set a $29.00 price target for the company. in a report on Thursday. Guggenheim set a $25.00 price target on shares of Kraft Heinz and gave the company a “sell” rating in a report on Monday, August 26th. Finally, Wells Fargo & Co restated a “hold” rating on shares of Kraft Heinz in a report on Tuesday, September 3rd. Five research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the company. Kraft Heinz currently has a consensus rating of “Hold” and a consensus price target of $34.00.

In related news, Director Jorge P. Lemann acquired 3,496,503 shares of the stock in a transaction on Monday, September 16th. The stock was bought at an average cost of $28.60 per share, with a total value of $99,999,985.80. Following the transaction, the director now directly owns 3,516,449 shares in the company, valued at $100,570,441.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Global Food Holdings Lp 3G sold 25,068,657 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $28.44, for a total transaction of $712,952,605.08. The disclosure for this sale can be found here. 0.29% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of Kraft Heinz by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 48,427,138 shares of the company’s stock valued at $1,503,178,000 after acquiring an additional 630,178 shares during the last quarter. BlackRock Inc. boosted its holdings in Kraft Heinz by 5.1% during the second quarter. BlackRock Inc. now owns 38,743,271 shares of the company’s stock worth $1,202,590,000 after buying an additional 1,884,480 shares in the last quarter. Invesco Ltd. boosted its holdings in Kraft Heinz by 2.7% during the second quarter. Invesco Ltd. now owns 20,084,226 shares of the company’s stock worth $623,415,000 after buying an additional 527,530 shares in the last quarter. Northern Trust Corp boosted its holdings in Kraft Heinz by 4.5% during the second quarter. Northern Trust Corp now owns 7,780,206 shares of the company’s stock worth $241,497,000 after buying an additional 336,299 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in Kraft Heinz by 21.0% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 5,316,259 shares of the company’s stock worth $148,510,000 after buying an additional 922,376 shares in the last quarter. Hedge funds and other institutional investors own 56.93% of the company’s stock.

Shares of NASDAQ KHC traded down $2.49 during trading hours on Thursday, hitting $30.81. 884,475 shares of the stock were exchanged, compared to its average volume of 7,963,902. The company has a quick ratio of 0.65, a current ratio of 1.00 and a debt-to-equity ratio of 0.54. The company has a market cap of $40.01 billion, a PE ratio of 8.73, a PEG ratio of 2.59 and a beta of 0.80. The firm has a fifty day moving average price of $28.97 and a 200-day moving average price of $29.56. Kraft Heinz has a 12 month low of $24.86 and a 12 month high of $53.56.

Kraft Heinz (NASDAQ:KHC) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of $0.54 by $0.15. The firm had revenue of $6.08 billion during the quarter, compared to analyst estimates of $6.13 billion. Kraft Heinz had a negative net margin of 42.85% and a positive return on equity of 6.23%. Kraft Heinz’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.78 EPS. As a group, equities analysts anticipate that Kraft Heinz will post 2.81 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 15th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.60 annualized dividend and a dividend yield of 5.19%. Kraft Heinz’s dividend payout ratio (DPR) is presently 45.33%.

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.

Read More: How to trade on quiet period expirations

Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Pure Cycle  Downgraded to “Hold” at ValuEngine
Pure Cycle Downgraded to “Hold” at ValuEngine
QuinStreet  Upgraded to Buy at ValuEngine
QuinStreet Upgraded to Buy at ValuEngine
Morgan Stanley Increases Charles Schwab  Price Target to $60.00
Morgan Stanley Increases Charles Schwab Price Target to $60.00
Nuveen Real Estate Income Fund Declares Quarterly Dividend of $0.19
Nuveen Real Estate Income Fund Declares Quarterly Dividend of $0.19
Nuveen NY Municipal Value  Announces Monthly Dividend of $0.03
Nuveen NY Municipal Value Announces Monthly Dividend of $0.03
Nuveen High Income Nov2021 Trgt Trm Fund  Plans Monthly Dividend of $0.04
Nuveen High Income Nov2021 Trgt Trm Fund Plans Monthly Dividend of $0.04


© 2006-2019 Ticker Report