Kraft Heinz (NASDAQ:KHC) Stock Price Target Lowered at Wells Fargo & Company

Key Points

• Wells Fargo cut Kraft Heinz’s price target from $25 to $23 while maintaining an “equal weight” rating, implying roughly 5.16% upside from the prior close.
• Analyst sentiment remains cautious: Kraft Heinz has a consensus “Reduce” rating and a $23.75 average price target, based on one Buy, eleven Hold, and five Sell ratings.
• Kraft Heinz beat quarterly earnings and revenue expectations, reporting $0.56 in EPS on $6.26 billion in revenue, though revenue declined 1.4% year over year and earnings fell from the prior-year quarter.

Kraft Heinz (NASDAQ:KHC - Get Free Report) had its target price cut by equities researchers at Wells Fargo & Company from $25.00 to $23.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 5.16% from the stock's previous close.

A number of other research firms also recently commented on KHC. UBS Group lifted their target price on Kraft Heinz from $25.00 to $27.00 and gave the company a "neutral" rating in a research report on Thursday, August 6th. Piper Sandler increased their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, August 6th. JPMorgan Chase & Co. raised their price objective on Kraft Heinz from $21.00 to $22.00 and gave the stock an "underweight" rating in a research report on Wednesday, July 15th. Weiss Ratings lowered shares of Kraft Heinz from a "sell (d)" rating to a "sell (d-)" rating in a report on Thursday, August 6th. Finally, TD Cowen reaffirmed a "hold" rating and issued a $22.00 target price on shares of Kraft Heinz in a research report on Tuesday, September 22nd. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Kraft Heinz has a consensus rating of "Reduce" and a consensus target price of $23.75.

Kraft Heinz Price Performance

Shares of KHC stock opened at $21.87 on Monday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.06 and a quick ratio of 0.68. The company has a market capitalization of $25.94 billion, a PE ratio of -7.69, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. The firm's 50-day moving average is $24.98 and its two-hundred day moving average is $23.96. Kraft Heinz has a 12 month low of $21.03 and a 12 month high of $28.09.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The business had revenue of $6.26 billion during the quarter, compared to analysts' expectations of $6.18 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The business's revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.69 EPS. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Analysts predict that Kraft Heinz will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On Kraft Heinz

A number of institutional investors and hedge funds have recently made changes to their positions in KHC. BlackRock Inc. purchased a new stake in shares of Kraft Heinz in the 2nd quarter valued at approximately $1,803,911,000. Auto Owners Insurance Co raised its holdings in shares of Kraft Heinz by 3,034.1% in the 4th quarter. Auto Owners Insurance Co now owns 16,477,002 shares of the company's stock valued at $39,957,000 after purchasing an additional 15,951,271 shares in the last quarter. Nykredit A S purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth $181,408,000. Deutsche Bank AG purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth $179,876,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Kraft Heinz during the second quarter worth $170,097,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Kraft Heinz Company Profile

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

The company's brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Velveeta, Lunchables, Maxwell House, Capri Sun, Jell-O, Ore-Ida, Classico, Grey Poupon and Planters.

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