Kraft Heinz (NASDAQ:KHC) Stock Price Target Cut by JPMorgan Chase & Co.

Key Points

• JPMorgan cut Kraft Heinz’s price target from $24 to $23 and maintained an “underweight” rating, implying approximately 2.81% downside from the stock’s then-current price.
• Analyst sentiment remains cautious: Kraft Heinz has an average “Reduce” rating and a consensus price target of $23.81, with 11 Hold and five Sell ratings versus one Buy.
• Kraft Heinz shares traded at $23.66, while the company reported quarterly EPS of $0.56—above the $0.53 consensus—and revenue of $6.26 billion, up from expectations but down 1.4% year over year.

Kraft Heinz (NASDAQ:KHC - Get Free Report) had its price target reduced by analysts at JPMorgan Chase & Co. from $24.00 to $23.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has an "underweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 2.81% from the company's current price.

KHC has been the topic of a number of other reports. Royal Bank Of Canada reiterated an "outperform" rating and set a $32.00 price target on shares of Kraft Heinz in a research report on Thursday, September 24th. Evercore set a $24.00 price target on shares of Kraft Heinz in a research note on Thursday, August 6th. Weiss Ratings lowered shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Wall Street Zen lowered shares of Kraft Heinz from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. Finally, Wells Fargo & Company cut their price objective on shares of Kraft Heinz from $25.00 to $23.00 and set an "equal weight" rating for the company in a research note on Monday, October 5th. One investment analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $23.81.

Kraft Heinz Price Performance

Shares of Kraft Heinz stock traded up $0.49 during trading on Tuesday, hitting $23.66. 2,967,848 shares of the stock traded hands, compared to its average volume of 15,867,492. 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 stock has a market cap of $28.06 billion, a price-to-earnings ratio of -8.28, a PEG ratio of 2.99 and a beta of 0.12. The firm's fifty day moving average is $24.19 and its 200-day moving average is $24.01. 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 quarterly earnings data on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.53 by $0.03. The company had revenue of $6.26 billion for the quarter, compared to analysts' expectations of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%. Kraft Heinz's revenue for the quarter was down 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Research analysts expect that Kraft Heinz will post 2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Kraft Heinz

Several institutional investors have recently bought and sold shares of KHC. Alyeska Investment Group L.P. bought a new position in shares of Kraft Heinz during the second quarter valued at approximately $1,968,000. OMERS ADMINISTRATION Corp bought a new stake in shares of Kraft Heinz in the 2nd quarter worth approximately $1,076,000. Gradient Investments LLC boosted its position in shares of Kraft Heinz by 11.8% in the 3rd quarter. Gradient Investments LLC now owns 667,877 shares of the company's stock worth $15,174,000 after purchasing an additional 70,534 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Kraft Heinz by 11.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 561,627 shares of the company's stock worth $13,266,000 after purchasing an additional 57,092 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC boosted its position in shares of Kraft Heinz by 70.2% in the 2nd quarter. Franklin Street Advisors Inc. NC now owns 994,375 shares of the company's stock worth $23,487,000 after purchasing an additional 410,029 shares in the last quarter. 78.17% of the stock is currently owned by hedge funds and other institutional investors.

About Kraft Heinz

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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