Kraft Heinz Stock Hits 5-Year Low on Berkshire Exit

Core Viewpoint - Kraft Heinz Co's stock has experienced a significant decline, primarily due to potential share sales by its largest shareholder, Berkshire Hathaway, and a recent downgrade by BNP Paribas Exane [1][2]. Stock Performance - The stock is currently trading at $22.07, marking a 7% drop and reaching its lowest level since the Covid-19 crash on March 16, 2020 [1][2]. - Year-over-year, the equity has decreased by 23.5% [2]. Analyst Ratings - BNP Paribas Exane has downgraded Kraft Heinz's rating from "neutral" to "under perform," with a price target reduction from $24 to $22 [1]. Options Activity - There has been a notable increase in call options activity, with a 50-day call/put volume ratio of 11.42, indicating higher call popularity compared to the past year [3]. - The current options pricing reflects relatively low volatility expectations, as indicated by a Schaeffer's Volatility Index (SVI) of 26%, which is higher than 75% of readings from the past year [4].