The Kraft Heinz Company (NASDAQ:KHC – Get Free Report) was the target of some unusual options trading on Tuesday. Stock traders purchased 24,518 call options on the company. This is an increase of approximately 87% compared to the typical daily volume of 13,123 call options.
Kraft Heinz Trading Up 2.2 %
Shares of KHC stock opened at $36.39 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a market cap of $44.14 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 2.75 and a beta of 0.65. The stock has a 50 day simple moving average of $36.89 and a 200 day simple moving average of $34.71. Kraft Heinz has a 1 year low of $30.68 and a 1 year high of $41.47.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last issued its quarterly earnings results on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The business had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The firm’s revenue for the quarter was down 7.1% compared to the same quarter last year. On average, research analysts predict that Kraft Heinz will post 3.03 earnings per share for the current fiscal year.
Kraft Heinz Announces Dividend
Insider Activity at Kraft Heinz
In related news, Director Miguel Patricio sold 131,500 shares of Kraft Heinz stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total value of $4,999,630.00. Following the sale, the director now owns 992,049 shares of the company’s stock, valued at $37,717,702.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Kraft Heinz news, CAO Lande Rashida La sold 13,238 shares of the business’s stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $35.00, for a total transaction of $463,330.00. Following the transaction, the chief accounting officer now owns 153,494 shares of the company’s stock, valued at $5,372,290. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Miguel Patricio sold 131,500 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $38.02, for a total value of $4,999,630.00. Following the transaction, the director now directly owns 992,049 shares in the company, valued at approximately $37,717,702.98. The disclosure for this sale can be found here. 1.40% of the stock is owned by company insiders.
Institutional Investors Weigh In On Kraft Heinz
Several institutional investors and hedge funds have recently added to or reduced their stakes in KHC. FSC Wealth Advisors LLC boosted its position in Kraft Heinz by 23.4% during the fourth quarter. FSC Wealth Advisors LLC now owns 1,424 shares of the company’s stock valued at $53,000 after acquiring an additional 270 shares during the last quarter. Ancora Advisors LLC boosted its position in Kraft Heinz by 69.9% during the first quarter. Ancora Advisors LLC now owns 661 shares of the company’s stock valued at $26,000 after acquiring an additional 272 shares during the last quarter. Carlton Hofferkamp & Jenks Wealth Management LLC boosted its position in Kraft Heinz by 1.0% during the second quarter. Carlton Hofferkamp & Jenks Wealth Management LLC now owns 30,315 shares of the company’s stock valued at $1,070,000 after acquiring an additional 288 shares during the last quarter. Archer Investment Corp boosted its position in Kraft Heinz by 2.0% during the fourth quarter. Archer Investment Corp now owns 14,709 shares of the company’s stock valued at $544,000 after acquiring an additional 294 shares during the last quarter. Finally, MONECO Advisors LLC boosted its position in Kraft Heinz by 2.9% during the second quarter. MONECO Advisors LLC now owns 10,628 shares of the company’s stock valued at $377,000 after acquiring an additional 299 shares during the last quarter. 75.39% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price objective on Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a report on Thursday, February 15th. Citigroup assumed coverage on Kraft Heinz in a report on Thursday, February 1st. They set a “buy” rating and a $43.00 price objective for the company. Piper Sandler boosted their price objective on Kraft Heinz from $34.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, November 2nd. Evercore ISI upgraded Kraft Heinz from an “in-line” rating to an “outperform” rating and boosted their price objective for the stock from $40.00 to $42.00 in a report on Monday, December 11th. Finally, Sanford C. Bernstein upgraded Kraft Heinz from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Tuesday, November 14th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Kraft Heinz presently has an average rating of “Hold” and an average target price of $40.57.
View Our Latest Stock Report on KHC
About Kraft Heinz
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.
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