Kraft Heinz (NASDAQ:KHC) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Key Points

• Wells Fargo raised its Kraft Heinz price target to $24 from $23 but maintained an “equal weight” rating; the new target implied 5.74% downside from the prior close.
• Kraft Heinz beat quarterly estimates, reporting adjusted EPS of $0.53 versus roughly $0.42 expected and revenue of $6.12 billion versus $6.09 billion expected. However, revenue fell 2% year over year and EPS was below the year-ago quarter.
• Analyst sentiment remains cautious: MarketBeat’s consensus rating is “Reduce,” with a $23.87 average price target; ten analysts rate the stock Hold and five rate it Sell.

Kraft Heinz (NASDAQ:KHC - Get Free Report) had its target price increased by analysts at Wells Fargo & Company from $23.00 to $24.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price would suggest a potential downside of 5.74% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on the company. Jefferies Financial Group restated a "hold" rating and set a $24.00 price objective on shares of Kraft Heinz in a research note on Wednesday. Evercore set a $24.00 target price on Kraft Heinz in a research note on Thursday, August 6th. Piper Sandler boosted their target price on shares of Kraft Heinz from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. TD Cowen reissued a "hold" rating and set a $22.00 price target on shares of Kraft Heinz in a research report on Tuesday, September 22nd. Finally, Weiss Ratings cut shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $23.87.

Kraft Heinz Stock Performance

Shares of NASDAQ:KHC opened at $25.46 on Thursday. The firm has a 50 day moving average of $24.00 and a 200 day moving average of $23.90. The company has a quick ratio of 0.68, a current ratio of 1.06 and a debt-to-equity ratio of 0.49. The company has a market capitalization of $30.19 billion, a price-to-earnings ratio of -8.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. Kraft Heinz has a 52 week low of $21.03 and a 52 week high of $28.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.11. The business had revenue of $6.12 billion for the quarter, compared to analysts' expectations of $6.09 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. The business's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.61 EPS. On average, sell-side analysts predict that Kraft Heinz will post 2.06 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Kraft Heinz in the 2nd quarter valued at about $1,803,911,000. Pacer Advisors Inc. boosted its position in Kraft Heinz by 7.3% during the first quarter. Pacer Advisors Inc. now owns 9,270,503 shares of the company's stock worth $208,494,000 after purchasing an additional 633,645 shares in the last quarter. Nykredit A S purchased a new position in Kraft Heinz during the second quarter worth approximately $181,408,000. Deutsche Bank AG acquired a new stake in Kraft Heinz in the second quarter valued at approximately $179,876,000. Finally, Dimensional Fund Advisors LP grew its holdings in Kraft Heinz by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 7,944,618 shares of the company's stock valued at $178,663,000 after purchasing an additional 149,034 shares during the period. Institutional investors and hedge funds own 78.17% of the company's stock.

Kraft Heinz News Summary

Here are the key news stories impacting Kraft Heinz this week:

• Positive Sentiment: Third-quarter adjusted EPS of $0.53 topped analyst estimates of about $0.42–$0.43, while revenue of $6.12 billion also edged past expectations. Kraft Heinz raised its 2026 adjusted earnings outlook, supporting optimism that its turnaround is progressing. Article: KHC Q3 Earnings Top Estimates, Emerging Markets Sales Rise
• Positive Sentiment: The company agreed to sell its North American coffee business to One Rock at a $650 million enterprise value, while retaining a 30% stake. The deal may help Kraft Heinz focus on core brands as it pursues its turnaround. Article: Kraft Heinz to Divest North America Coffee Business
• Positive Sentiment: Kraft Heinz declared its regular quarterly dividend of $0.40 per share, payable Dec. 23 to shareholders of record Dec. 4. Article: The Kraft Heinz Company Declares Regular Quarterly Dividend
• Neutral Sentiment: Management plans $700 million in brand and marketing investment. That could strengthen core brands over time, though the spending may weigh on near-term results. Article: Kraft Heinz: 3 Key Takeaways for Long-Term Investors
• Negative Sentiment: Revenue declined 2% year over year and adjusted EPS was down from the prior-year quarter. Inflation above 5% and weak market-share gains remain challenges heading into 2027, despite the quarterly beat. Article: Q3 Earnings Call Highlights

Kraft Heinz Company Profile

The Kraft Heinz Company NASDAQ: KHC is a global food and beverage company that develops, manufactures and markets branded products for consumers, retailers and foodservice customers. Its portfolio includes condiments and sauces, cheese and dairy products, meals, meats, snacks, beverages and desserts.

The company's brands include Kraft, Heinz, Oscar Mayer, Philadelphia, Velveeta, Jell-O, Maxwell House, Lunchables, Capri Sun, Planters and Classico, among others. Products are sold through grocery stores, mass merchants, club stores, convenience retailers, e-commerce channels and foodservice distributors.

Kraft Heinz was created in 2015 through the merger of Kraft Foods Group and H.J.

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