KHC spiked on its earnings report.
Analysts are still behind the curve on where earnings are headed.
20% higher stock price plus a nice dividend makes for a great total return over the next 12 months.
The dividend though could be cut and the probability of a cut did go up in our view.
Bears are still likely to lose big and should cover.
When we last covered The Kraft Heinz Company (KHC), we left with a bullish message:
KHC's current EPS run rate would allow for paying the dividend and reducing the debt by about $1.2