Bullish options flow was detected in KHC stock on November 12, 2019.
Bullish option flow detected in Kraft Heinz with 13,086 calls trading, 5x expected, and implied vol increasing almost 2 points to 23.10%. 12/13 weekly 34 calls and Dec-19 35 calls are the most active options, with total volume in those strikes near 10,600 contracts.
Back on November 1, 2019, BMO Capital analyst Kenneth Zaslow raised his price target on Kraft Heinz to $37 after its Q3 earnings beat that was driven by favorable FX gains and lower tax rate items. The analyst is positive on the company’s efforts to shore up its liquidity but also believes that it needs to invest aggressively across its supply chain and sell its impaired assets, keeping his Market Perform rating on the stock.