Kraft Heinz Target of Unusually High Options Trading (NASDAQ:KHC)

Kraft Heinz Company (NASDAQ:KHC) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 52,568 call options on the stock. This is an increase of 97% compared to the average daily volume of 26,713 call options.

Wall Street Analyst Weigh In

KHC has been the subject of several research reports. TD Cowen reduced their target price on Kraft Heinz from $28.00 to $26.00 and set a “hold” rating for the company in a research note on Thursday, October 30th. HSBC reduced their price objective on Kraft Heinz from $29.00 to $27.00 in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Kraft Heinz in a research report on Wednesday, October 8th. Piper Sandler increased their target price on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Monday. Finally, BNP Paribas Exane decreased their price target on shares of Kraft Heinz from $26.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $26.63.

Institutional Investors Weigh In On Kraft Heinz

Hedge funds have recently made changes to their positions in the business. Rakuten Securities Inc. grew its stake in Kraft Heinz by 172.4% in the 2nd quarter. Rakuten Securities Inc. now owns 1,245 shares of the company’s stock valued at $32,000 after buying an additional 788 shares in the last quarter. Cape Investment Advisory Inc. raised its stake in shares of Kraft Heinz by 164.7% during the 2nd quarter. Cape Investment Advisory Inc. now owns 1,297 shares of the company’s stock valued at $33,000 after purchasing an additional 807 shares during the period. Anfield Capital Management LLC lifted its holdings in Kraft Heinz by 256.7% during the 3rd quarter. Anfield Capital Management LLC now owns 1,270 shares of the company’s stock worth $33,000 after purchasing an additional 914 shares in the last quarter. Sentry Investment Management LLC bought a new position in Kraft Heinz in the 3rd quarter worth about $38,000. Finally, Mid American Wealth Advisory Group Inc. purchased a new position in Kraft Heinz during the 2nd quarter valued at about $39,000. 78.17% of the stock is currently owned by institutional investors.

Kraft Heinz Price Performance

KHC opened at $24.75 on Thursday. The firm’s fifty day moving average price is $24.90 and its two-hundred day moving average price is $26.17. The company has a market capitalization of $29.30 billion, a price-to-earnings ratio of -6.64 and a beta of 0.09. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.13 and a quick ratio of 0.73. Kraft Heinz has a 1 year low of $23.70 and a 1 year high of $33.35.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Friday, July 8th. The company reported $0.72 earnings per share for the quarter. The business had revenue of $6.39 billion for the quarter. Kraft Heinz had a negative net margin of 17.35% and a positive return on equity of 7.26%. As a group, analysts anticipate that Kraft Heinz will post 2.68 earnings per share for the current fiscal year.

Kraft Heinz Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Stockholders of record on Friday, November 28th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 28th. This represents a $1.60 annualized dividend and a dividend yield of 6.5%. Kraft Heinz’s dividend payout ratio (DPR) is currently -42.90%.

Kraft Heinz Company Profile

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.