Check Out What Whales Are Doing With KHC

Investors with a lot of money to spend have taken a bullish stance on Kraft Heinz KHC.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with KHC, it often means somebody knows something is about to happen.

So how do we know what these investors just did?

Today, Benzinga's options scanner spotted 8 uncommon options trades for Kraft Heinz.

This isn't normal.

The overall sentiment of these big-money traders is split between 75% bullish and 25%, bearish.

Out of all of the special options we uncovered, 3 are puts, for a total amount of $120,110, and 5 are calls, for a total amount of $323,504.

Predicted Price Range

Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $32.5 to $40.0 for Kraft Heinz over the last 3 months.

Analyzing Volume & Open Interest

Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Kraft Heinz's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Kraft Heinz's significant trades, within a strike price range of $32.5 to $40.0, over the past month.

Kraft Heinz Option Activity Analysis: Last 30 Days

Biggest Options Spotted:

About Kraft Heinz

In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm has a growing presence in foodservice. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.

Following our analysis of the options activities associated with Kraft Heinz, we pivot to a closer look at the company's own performance.

Kraft Heinz's Current Market Status

• Currently trading with a volume of 5,074,947, the KHC's price is down by 0.0%, now at $38.65.
• RSI readings suggest the stock is currently may be approaching overbought.
• Anticipated earnings release is in 1 days.

What The Experts Say On Kraft Heinz

A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $42.5.

• An analyst from B of A Securities persists with their Buy rating on Kraft Heinz, maintaining a target price of $42.
• An analyst from Deutsche Bank has decided to maintain their Buy rating on Kraft Heinz, which currently sits at a price target of $43.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Kraft Heinz with Benzinga Pro for real-time alerts.