Bernstein says Kraft Heinz (KHC.US) has "suspicious" bullishness, the next target for activist investors?

Smart Trend Finance APP noticed that there were "suspicious" large bullish orders on Kraft Heinz (KHC.US) this morning. Investment bank Bernstein noted that about 100,000 options were traded, far above the daily average of 13,000, most of which were opened and will expire on Friday.

Alexia Howard, analyst, said "This is not common for Kraft Heinz, suggesting that someone thinks the stock could rise more than 5% from now until Friday, suggesting that the company is facing a catalyst."

Kraft Heinz is scheduled to report its third-quarter earnings next week, as most food companies do, and it did not schedule any meetings or investor days this week.

Howard emphasized that there have been many activist behaviors in the food industry recently, most notably Jana Partners disclosing its stake in Lamb Weston (LW.US) last Friday and urging the fried food manufacturer to seek a sale. Additionally, Kellogg (K.US) announced in August that it would sell itself to Mars for $36 billion after TOMS Capital invested earlier this year.

The unusual option activity comes as some of the most famous activist investors in the U.S. are planning to share their thoughts at the 13D Monitor Active-Passive Investor Summit in New York on Tuesday.