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

The Kraft Heinz Company (NASDAQ:KHC - Get Free Report) was the recipient of unusually large options trading activity on Tuesday. Stock investors bought 32,956 call options on the stock. This is an increase of 36% compared to the average volume of 24,270 call options.

Analysts Set New Price Targets

Several equities research analysts have commented on KHC shares. The Goldman Sachs Group cut their price target on shares of Kraft Heinz from $32.00 to $28.00 and set a "sell" rating on the stock in a research report on Thursday, February 13th. Citigroup reissued a "sell" rating and set a $27.00 price target (down from $28.00) on shares of Kraft Heinz in a research report on Friday, April 4th. Piper Sandler cut their price target on shares of Kraft Heinz from $35.00 to $31.00 and set a "neutral" rating on the stock in a research report on Thursday, February 13th. Bank of America cut shares of Kraft Heinz from a "buy" rating to an "underperform" rating and dropped their target price for the company from $36.00 to $30.00 in a report on Thursday, February 13th. Finally, Morgan Stanley began coverage on shares of Kraft Heinz in a report on Monday, March 24th. They issued an "underweight" rating and a $29.00 target price on the stock. Four analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company's stock. Based on data from MarketBeat.com, Kraft Heinz has a consensus rating of "Hold" and a consensus price target of $30.53.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Headlands Technologies LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $2,048,000. SG Americas Securities LLC grew its position in shares of Kraft Heinz by 511.7% during the 4th quarter. SG Americas Securities LLC now owns 42,706 shares of the company's stock worth $1,312,000 after purchasing an additional 35,725 shares in the last quarter. 1834 Investment Advisors Co. acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $470,000. Banque Pictet & Cie SA grew its position in shares of Kraft Heinz by 10.8% during the 4th quarter. Banque Pictet & Cie SA now owns 90,000 shares of the company's stock worth $2,764,000 after purchasing an additional 8,787 shares in the last quarter. Finally, Perigon Wealth Management LLC acquired a new position in shares of Kraft Heinz during the 4th quarter worth approximately $287,000. 78.17% of the stock is owned by institutional investors.

Kraft Heinz Stock Performance

Kraft Heinz stock traded down $0.27 during trading hours on Friday, hitting $26.75. The company had a trading volume of 17,507,338 shares, compared to its average volume of 9,476,480. The firm has a market cap of $31.66 billion, a PE ratio of 11.84, a PEG ratio of 3.39 and a beta of 0.30. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.06 and a quick ratio of 0.59. Kraft Heinz has a one year low of $26.01 and a one year high of $36.53. The firm has a 50-day moving average of $28.61 and a 200 day moving average of $29.76.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.02. The firm had revenue of $6 billion for the quarter, compared to analysts' expectations of $6.02 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.58%. The business's revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 EPS. On average, sell-side analysts expect that Kraft Heinz will post 2.68 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, May 30th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.98%. Kraft Heinz's dividend payout ratio is currently 73.06%.

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.