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KHC

Kraft Heinz

$32.55

-0.02 (-0.06%)

10:10
05/07/19
05/07
10:10
05/07/19
10:10

Early put seller in Kraft Heinz looks closing

Early put seller in Kraft Heinz looks closing. Nearly 7K puts traded shortly after the open today, vs 600 calls, as shares dipped 20c to the $32.60 range before a bounce to nearly $33. July 30 puts dominate the flow, with 6600 contracts trading in the 65 to 70c range in a number of sweeps in the opening minutes. ISE portion was marked closing customer seller, with trade history showing the position was opened earlier this year in the 70c range vs stock near $33.31.

KHC Kraft Heinz
$32.55

-0.02 (-0.06%)

03/18/19
STFL
03/18/19
NO CHANGE
Target $35
STFL
Hold
Kraft Heinz delay a setback, but shouldn't impact debt covenants, says Stifel
After Kraft Heinz reported late on Friday that it could not meet the deadline to file its 10-K with the SEC, Stifel analyst Christopher Growe called the news "another setback to the company in a string of disappointments of late," but added that he does not believe this means the SEC investigation has widened or that the filing impacts any of the company's debt covenants. He does not, however, think the company can pursue an asset sale now until the 10-K is filed. Growe, who expects the shares to trade down on this news given that investors currently have "a very skeptical tone" in relation to Kraft Heinz, keeps a Hold rating and $35 price target on the stock.
03/29/19
WOLF
03/29/19
DOWNGRADE
WOLF
Underperform
Kraft Heinz downgraded to Underperform from Peer Perform at Wolfe Research
04/24/19
PIPR
04/24/19
DOWNGRADE
Target $31
PIPR
Underweight
Kraft Heinz downgraded to Underweight from Neutral at Piper Jaffray
Piper Jaffray analyst Michael Lavery downgraded Kraft Heinz to Underweight from Neutral and lowered his price target for the shares to $31 from $35. Expectations for the company's 2020 earnings are likely too high as it plans divestitures of underperforming businesses, which could be 20c-30c dilutive on a per share basis, Lavery tells investors in a research note. He believes a new CEO is the right move, but also that incremental brand spending is needed to rejuvenate Kraft Heinz's "dusty brands," which he thinks could weigh on earnings by another 15c-20c per share.
04/24/19
04/24/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Harley-Davidson (HOG) downgraded to Sell from Neutral at Goldman Sachs with analyst David Tamberrino saying he views Harley as the "worst positioned" within his Powersports coverage given its concentration in a "secularly declining" motorcycle market. 2. TowerJazz (TSEM) downgraded to Neutral from Outperform at Credit Suisse with analyst Quang Tung Le saying to reflect ongoing weakness at the company's "key" radio frequency and power customers along with revised three- year deal extension with Panasonic, the analyst reduced his sales estimates. 3. Marriott (MAR) downgraded to In Line from Outperform at Evercore ISI with analyst Rich Hightower saying approaching Q1 earnings season, the analyst finds himself "incrementally negative" on hotel stocks overall - and even more so with respect to the C-Corps than the REITs - given the sector's substantial recent outperformance against the relevant benchmarks, coupled with no obvious shift in fundamentals over the last 60-90 days. 4. Kraft Heinz (KHC) downgraded to Underweight from Neutral at Piper Jaffray with analyst Michael Lavery saying expectations for the company's 2020 earnings are likely too high as it plans divestitures of underperforming businesses, which could be 20c-30c dilutive on a per share basis. 5. Hyatt (H) and Hilton (HLT) downgraded to Market Perform from Outperform at Wells Fargo. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

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HOPE

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CTL

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EXR

Extra Space Storage

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

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BA

Boeing

$350.57

-1.93 (-0.55%)

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BA

Boeing

$350.57

-1.93 (-0.55%)

, UAL

United Continental

$80.91

-0.94 (-1.15%)

17:52
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Periodicals
Airlines see 737 MAX needing 100-150 hours of preparation, Reuters says »

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BA

Boeing

$350.57

-1.93 (-0.55%)

UAL

United Continental

$80.91

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AAL

American Airlines

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LUV

Southwest

$50.97

-1.6 (-3.04%)

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:50
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  • 23

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TCCO

Technical Comm Corp

$3.48

(0.00%)

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HPQ

HP Inc.

$19.20

-0.095 (-0.49%)

17:42
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RST

Rosetta Stone

$24.93

1.135 (4.77%)

17:38
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CCF

Chase Corporation

$100.72

0.32 (0.32%)

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RNR

RenaissanceRe

$170.85

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RTIX

RTI Surgical

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DXC

DXC Technology

$52.00

-2.5 (-4.59%)

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RTIX

RTI Surgical

$4.40

-0.08 (-1.79%)

17:19
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  • 28

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RTN

Raytheon

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-1.01 (-0.56%)

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DVAX

Dynavax

$6.36

(0.00%)

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COST

Costco

$248.62

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MYND

MYnd Analytics

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CBOE

Cboe Global Markets

$106.40

-1.45 (-1.34%)

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MGNX

MacroGenics

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IMRN

Immuron

$4.90

(0.00%)

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