Kraft Heinz Sees Unusually High Options Volume (NASDAQ:KHC)

The Kraft Heinz Company (NASDAQ:KHC) was the recipient of unusually large options trading on Monday. Stock investors purchased 60,124 call options on the company. This is an increase of 311% compared to the typical volume of 14,622 call options.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. JPMorgan Chase & Co. lowered their price objective on Kraft Heinz from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Citigroup lowered their target price on shares of Kraft Heinz from $41.00 to $39.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Bank of America reduced their price target on Kraft Heinz from $42.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. The Goldman Sachs Group started coverage on Kraft Heinz in a research report on Monday, August 12th. They set a “sell” rating and a $34.00 target price on the stock. Finally, Evercore ISI reduced their price objective on shares of Kraft Heinz from $42.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.55.

Kraft Heinz Stock Up 0.6 %

Shares of Kraft Heinz stock traded up $0.22 on Monday, reaching $36.22. 510,479 shares of the company were exchanged, compared to its average volume of 7,719,283. Kraft Heinz has a 1-year low of $31.08 and a 1-year high of $38.96. The stock’s 50 day moving average price is $35.20 and its 200-day moving average price is $34.95. The company has a market cap of $43.98 billion, a P/E ratio of 15.72, a price-to-earnings-growth ratio of 3.39 and a beta of 0.49. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.01 and a quick ratio of 0.53.

Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Wednesday, July 31st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.05. Kraft Heinz had a return on equity of 7.38% and a net margin of 7.30%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.55 billion. During the same quarter last year, the company earned $0.79 EPS. The business’s quarterly revenue was down 3.3% on a year-over-year basis. As a group, equities analysts forecast that Kraft Heinz will post 3.02 EPS for the current year.

Kraft Heinz Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, August 30th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 4.42%. The ex-dividend date was Friday, August 30th. Kraft Heinz’s payout ratio is currently 69.87%.

Insider Buying and Selling

In other Kraft Heinz news, insider Cory Onell sold 4,076 shares of Kraft Heinz stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $36.00, for a total value of $146,736.00. Following the transaction, the insider now owns 143,970 shares in the company, valued at $5,182,920. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.32% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kraft Heinz

Hedge funds have recently made changes to their positions in the business. New Covenant Trust Company N.A. acquired a new stake in Kraft Heinz in the first quarter valued at about $27,000. DiNuzzo Private Wealth Inc. lifted its holdings in shares of Kraft Heinz by 1,077.0% in the 3rd quarter. DiNuzzo Private Wealth Inc. now owns 871 shares of the company’s stock valued at $31,000 after buying an additional 797 shares during the period. Asset Dedication LLC boosted its stake in shares of Kraft Heinz by 94.8% in the second quarter. Asset Dedication LLC now owns 978 shares of the company’s stock valued at $32,000 after buying an additional 476 shares in the last quarter. Bangor Savings Bank acquired a new position in Kraft Heinz during the third quarter worth $32,000. Finally, Hantz Financial Services Inc. purchased a new position in Kraft Heinz in the second quarter worth $34,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

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.