Kraft Heinz Stock is Treading Water - Time to Buy KHC?

Kraft Heinz Company (KHC) stock has been treading water over the last 3 months, despite the new CEO's turnaround plan, designed to raise sales. Analysts still haven't raised their revenue forecasts or price targets. One play is to short out-of-the-money (OTM) KHC puts.

KHC closed at $23.47 on Thursday, June 25, about where it was two and a half months ago on April 6 ($23.57).

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So far, the market is not impressed with the CEO's initiatives. I discussed this in a recent Barchart article on June 3, "Unusual Trading in Kraft Heinz Call Options After CEO Interview - Is KHC Stock a Buy?"

I showed that KHC stock might not generate significantly more free cash flow (FCF). This is despite the CEO's attempt to raise sales through a $600 million investment in higher-protein and low-sugar products. Some of these products will be sugar-free Heinz Zero ketchup and protein-infused Mac & Cheese, etc.

I suggested that it might only generate $4.

Fuente original: Yahoo Finance (https://finance.yahoo.com/markets/stocks/articles/kraft-heinz-stock-treading-water-140002933.html)