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

Kraft Heinz Company (NASDAQ:KHC) was the target of some unusual options trading on Monday. Stock traders acquired 76,270 call options on the company. This represents an increase of approximately 170% compared to the average volume of 28,200 call options.

Kraft Heinz Trading Down 2.6%

KHC stock traded down $0.59 during trading on Monday, hitting $22.23. 7,801,784 shares of the company traded hands, compared to its average volume of 15,508,869. The company has a 50-day moving average of $23.11 and a 200-day moving average of $23.50. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.82 and a current ratio of 1.20. Kraft Heinz has a 1 year low of $21.03 and a 1 year high of $29.19. The firm has a market capitalization of $26.35 billion, a PE ratio of -4.58 and a beta of 0.08.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.08. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.89 billion. Kraft Heinz had a positive return on equity of 7.26% and a negative net margin of 23.05%.The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.62 EPS. Kraft Heinz has set its FY 2026 guidance at 1.980-2.100 EPS. Analysts predict that Kraft Heinz will post 2.07 earnings per share for the current fiscal year.

Kraft Heinz Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 5th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Friday, June 5th. Kraft Heinz’s dividend payout ratio (DPR) is currently -32.92%.

Hedge Funds Weigh In On Kraft Heinz

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jessup Wealth Management Inc purchased a new stake in shares of Kraft Heinz in the 4th quarter worth about $27,000. Reflection Asset Management purchased a new position in shares of Kraft Heinz during the fourth quarter valued at about $28,000. DV Equities LLC bought a new position in Kraft Heinz in the fourth quarter worth about $29,000. Cassaday & Co Wealth Management LLC bought a new position in Kraft Heinz in the first quarter worth about $27,000. Finally, Key Capital Management INC purchased a new stake in Kraft Heinz in the fourth quarter worth about $29,000. Institutional investors own 78.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Morgan Stanley set a $22.00 target price on Kraft Heinz in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Kraft Heinz from $20.00 to $22.00 and gave the company a “hold” rating in a research report on Thursday, May 7th. Mizuho lowered their price objective on shares of Kraft Heinz from $27.00 to $25.00 and set a “neutral” rating for the company in a report on Monday, February 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kraft Heinz from $22.00 to $21.00 and set an “underweight” rating on the stock in a report on Wednesday, March 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $22.69.

About Kraft Heinz

The Kraft Heinz Company (NASDAQ: KHC) is a global food and beverage company formed in 2015 through the merger of Kraft Foods Group and H.J. Heinz Company. The combination created one of the largest packaged-food companies in the world, built around well-known consumer brands. The merger was supported by major investors and established a multi-national platform for branded food products.

Kraft Heinz develops, manufactures, markets and distributes a broad portfolio of branded packaged foods and condiments.