Investors Purchase Large Volume of Put Options on Kraft Heinz (KHC)

Kraft Heinz Co (NASDAQ:KHC) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 31,658 put options on the company. This is an increase of approximately 820% compared to the typical daily volume of 3,442 put options.

Shares of KHC opened at $47.08 on Friday. The firm has a market cap of $57.12 billion, a price-to-earnings ratio of 13.12, a PEG ratio of 2.27 and a beta of 0.65. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. Kraft Heinz has a twelve month low of $41.60 and a twelve month high of $80.60.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, November 1st. The company reported $0.78 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.03). The firm had revenue of $6.38 billion for the quarter, compared to analysts’ expectations of $6.31 billion. Kraft Heinz had a net margin of 39.56% and a return on equity of 6.62%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.83 EPS. As a group, equities research analysts forecast that Kraft Heinz will post 3.62 EPS for the current fiscal year.

A number of equities analysts have recently commented on KHC shares. BidaskClub lowered shares of Kraft Heinz from a “hold” rating to a “sell” rating in a report on Friday, September 21st. Credit Suisse Group raised shares of Kraft Heinz to a “hold” rating and set a $52.00 price objective for the company in a research note on Thursday, October 4th. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. ValuEngine raised shares of Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Friday, October 19th. Finally, Piper Jaffray Companies set a $62.00 price objective on shares of Kraft Heinz and gave the company a “buy” rating in a research note on Friday, November 2nd. Seven research analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $66.89.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Highwater Wealth Management LLC bought a new position in Kraft Heinz in the 4th quarter worth $28,000. CX Institutional raised its holdings in Kraft Heinz by 3,287.9% in the 4th quarter. CX Institutional now owns 1,965 shares of the company’s stock worth $85,000 after purchasing an additional 1,907 shares in the last quarter. Central Bank & Trust Co. raised its holdings in Kraft Heinz by 35.3% in the 3rd quarter. Central Bank & Trust Co. now owns 1,915 shares of the company’s stock worth $106,000 after purchasing an additional 500 shares in the last quarter. Mainstay Capital Management LLC ADV raised its holdings in Kraft Heinz by 5,429.3% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 6,414 shares of the company’s stock worth $108,000 after purchasing an additional 6,298 shares in the last quarter. Finally, Blume Capital Management Inc. raised its holdings in Kraft Heinz by 166.7% in the 3rd quarter. Blume Capital Management Inc. now owns 2,080 shares of the company’s stock worth $115,000 after purchasing an additional 1,300 shares in the last quarter. 62.61% of the stock is owned by institutional investors and hedge funds.

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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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