Big Short’s Michael Burry Is Betting On These 5 Stocks

3. The Kraft Heinz Company (NASDAQ: KHC)

Scion Asset Management has initiated a call option position in The Kraft Heinz Company (NASDAQ: KHC) during the fourth quarter. KHC share price has extended the upside momentum into 2021 amid strong financial numbers. The company has generated December quarter revenue of around $6.94B, up 6.1% from the year-ago period, with expectations for similar growth in the upcoming quarters.

The market analysts anticipate more upside for KHC stock despite the recent gains. JPMorgan analyst Ken Goldman said: “We still see some upside – our price target is $41 and KHC has a 4.2% annual dividend yield – but not enough to necessarily warrant an Overweight rating. We had not anticipated the KHC shares working this well this fast, but now that they have, we want to respect valuation and the potential limits to the upside, as we see them.”