KHC
Kraft Heinz Co Consumer Staples Canned, Frozen & Preservd Fruit, Veg & Food Specialties S&P 500Russell 3000
$24.34Close
$28.8BMarket cap
$20.50 – $27.1952-week range
Nov 4, 2026Next report · before the open
Highlights
Strengths
- Volume drying up last 10 days 35% under the 50-day average
Cautions
- Trend not confirmed 6 of 8 conditions · under 30% off the low, RS under 70
- Lagging the market RS 49 · weaker than 51% of stocks over 12 months
- Results soon Nov 4, 2026, in 3 days
- Financial distress Altman Z″ in the distress zone
Price
Filing Results Screen pick 52-week high and low Adjusted prices
Key figures
Off 12-month high
10%
1wk
down 1.9%
price change
1mo
up 7.1%
price change
12-month return
up 6%
market up 11% ·
its own down 4%
F-score
4 / 9
Weak
Altman Z
0.49
Elevated risk
P/E
—
price / earnings
PEG
—
P/E / EPS growth
P/B
0.7×
price / book
Earnings yield
down 9.8%
EBIT / enterprise value
Cheaper than
66%
of the market · cheap
Revenue growth
down 3%
year on year
EPS growth
—
latest quarter
Sales growth
down 1%
latest quarter · -2 pts
ROE
down 13%
return on equity
Free cash margin
up 15%
$3.7B FCF
D/E
0.51
long-term debt / equity
Net debt / EBITDA
—
Interest cover
Lossoperating loss
Piotroski tests
- not yet profitable on its assets
- profitability slipped from last year
- took on more long-term debt
- gross margin narrowed
- assets working less efficiently
- generating cash from operations
- profits backed by cash
- short-term liquidity improved
- no new shares issued
Trade setup
ATR%
2.5%
$0.62 a day · 2×ATR $23.10
RS
49 / 99
vs the universe
Trend
6 / 8
under 30% off the low, RS under 70
Relative volume
0.8×
vs 50-day average
Up/down volume
1.01
50 sessions
Implied move
4.7%
by Nov 6, 2026 · report Nov 4, 2026
Trend template · 6 of 8
- At least 30% above the 52-week low: fails
- RS rank 70 or higher: fails
Screen verdict
Did not qualify for any screen.
Warning signs
- Bankruptcy model reads distressed The Altman score sits inside the range historically associated with financial distress. It is used here only to exclude, never to rank, and it is a statistical band rather than a prediction about this company.
- Losing money before interest is even paid The company made an operating loss, so interest is not covered at all - the debt is being serviced from cash reserves, asset sales or new borrowing rather than from the business.
- Gross margin narrowing Gross margin fell from 34.7% to 33.3%. The company is keeping less of each dollar of sales than it did a year ago.
- Revenue shrinking Revenue fell 3.5% over the year, from $25.8B to $24.9B.
Last reported
Aug 5, 2026
Results reaction
Aug 5, 2026-6% vs market2 sessions after results
Options
$1.9M36.0% IV · activity
Financials
- Gross 33%
- Net -23%
- Free cash 15%
- Cash
- Long-term debt
| FY2020Dec 26, 2020 | FY2021Dec 25, 2021 | FY2022Dec 31, 2022 | FY2023Dec 30, 2023 | FY2024Dec 28, 2024 | FY2025Dec 27, 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $26.2B | $26.0B | $26.5B | $26.6B | $25.8B | $24.9B |
| Gross margin | 35% | 33% | 31% | 34% | 35% | 33% |
| Operating income | $2.1B | $3.5B | $3.6B | $4.6B | $1.7B | -$4.7B |
| Net income | $356.0M | $1.0B | $2.4B | $2.9B | $2.7B | -$5.8B |
| Net margin | 1% | 4% | 9% | 11% | 11% | -23% |
| Earnings per share | $0.29 | $0.82 | $1.91 | $2.31 | $2.26 | -$4.93 |
| Free cash flow | $4.3B | $4.5B | $1.6B | $3.0B | $3.2B | $3.7B |
| Free cash margin | 17% | 17% | 6% | 11% | 12% | 15% |
| Cash | $3.4B | $3.4B | $1.0B | $1.4B | $1.3B | $2.6B |
| Long-term debt | $28.3B | $21.8B | $20.1B | $20.0B | $19.9B | $21.2B |
| Shareholders' equity | $50.1B | $49.3B | $48.7B | $49.5B | $49.2B | $41.7B |
| Shares outstanding | 1.22bn | 1.22bn | 1.23bn | 1.22bn | 1.20bn | 1.18bn |
Next report
Nov 4, 2026 · before the open
Expected move The move, either way, the option market prices in through the next scheduled report: the at-the-money straddle for the first expiry that contains it, over the price. It includes the days around the report, so it slightly overstates the report alone. Methodology
±4.7%
$23 – $26 by Nov 6, 2026
Usual move The median, over the company's last four reports, of how far the stock moved either way from the close before the filing to the close of the session after it. Methodology
±4.3%
last 4: -6.3% · +4.9% · -2.3% · -3.7%
Expected against usual The move the options price through this report over the move the last four reports delivered. Above 1 the event is priced bigger than the company's own record; below 1, smaller. A price, not a forecast: it says what protection through the report costs, not which way the stock will go. Methodology
Bigger than usual
1.1× the usual move
What options price now
- Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
- $22 – $26 ±7.9% by Nov 27, 2026
- Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
- About the same 36.0% priced · 33.9% recent
- Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
- Choppier
- Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
- past week: costs less
Positioning
- Premium traded
- $1.9M calls $1.7M · puts $217,390 · latest session
- 0.13× +0.04 over the week
- Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
- calls -10.70k · puts -9.39k past week
For options traders: ATM IV 36.0% (+3.0% 1w) · 1m ÷ 3m IV 1.26 · 25Δ skew 2.6 pts · Net GEX $10.0M
Most traded contracts
No contract passed the liquidity filters this week.
Filings
| Filed | Report | Period to | Lag |
|---|---|---|---|
| Aug 5, 2026 | Quarterly ↗ | Jun 27, 2026 | 39d |
| May 6, 2026 | Quarterly ↗ | Mar 28, 2026 | 39d |
| Feb 12, 2026 | Annual ↗ | Dec 27, 2025 | 47d |
| Oct 29, 2025 | Quarterly ↗ | Sep 27, 2025 | 32d |
| Jul 30, 2025 | Quarterly ↗ | Jun 28, 2025 | 32d |
| Apr 29, 2025 | Quarterly ↗ | Mar 29, 2025 | 31d |
| Feb 13, 2025 | Annual ↗ | Dec 28, 2024 | 47d |
| Oct 30, 2024 | Quarterly ↗ | Sep 28, 2024 | 32d |
| Jul 31, 2024 | Quarterly ↗ | Jun 29, 2024 | 32d |
| May 1, 2024 | Quarterly ↗ | Mar 30, 2024 | 32d |
| Feb 15, 2024 | Annual ↗ | Dec 30, 2023 | 47d |
| Nov 1, 2023 | Quarterly ↗ | Sep 30, 2023 | 32d |
Current reports
| Filed | Disclosed |
|---|---|
| Oct 7, 2026 | Other events ↗ |
| Oct 6, 2026 | Director or officer change ↗ |
| Aug 26, 2026 | Listing notice · Regulation FD ↗ |
| Aug 5, 2026 | Results ↗ |
| Jul 27, 2026 | Charter or bylaws ↗ |
| Jun 18, 2026 | Director or officer change ↗ |
| Jun 8, 2026 | Regulation FD ↗ |
| May 21, 2026 | Material agreement · New obligation · Regulation FD ↗ |
| May 19, 2026 | Shareholder vote ↗ |
| May 13, 2026 | Other events ↗ |
| May 7, 2026 | Regulation FD ↗ |
| May 6, 2026 | Results ↗ |