Wells Fargo & Company Cuts Kraft Heinz (NASDAQ:KHC) Price Target to $23.00

Kraft Heinz (NASDAQ:KHC) had its price objective cut by Wells Fargo & Company from $25.00 to $23.00 in a report released on Monday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other research firms have also issued reports on KHC. TD Cowen restated a “hold” rating and issued a $22.00 price target on shares of Kraft Heinz in a research report on Tuesday, September 22nd. JPMorgan Chase & Co. lifted their price objective on Kraft Heinz from $21.00 to $22.00 and gave the company an “underweight” rating in a research report on Wednesday, July 15th. Weiss Ratings cut Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, August 6th. Barclays raised their target price on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research note on Friday, August 7th. Finally, UBS Group upped their price target on shares of Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Buy rating, eleven have given a Hold rating and five have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $23.75.

Kraft Heinz Stock Performance

KHC opened at $21.99 on Monday. 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’s 50 day moving average price is $24.67 and its two-hundred day moving average price is $23.95. The firm has a market capitalization of $26.08 billion, a P/E ratio of -7.69, a price-to-earnings-growth ratio of 2.99 and a beta of 0.12. Kraft Heinz has a 12-month low of $21.03 and a 12-month high of $28.09.

Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.53 by $0.03. The company had revenue of $6.26 billion during the quarter, compared to analyst estimates of $6.18 billion. Kraft Heinz had a positive return on equity of 7.10% and a negative net margin of 13.64%.The company’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 earnings per share. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. On average, equities analysts forecast that Kraft Heinz will post 2.06 earnings per share for the current year.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Friday, September 4th were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 7.3%. Kraft Heinz’s dividend payout ratio is -55.94%.

Institutional Investors Weigh In On Kraft Heinz

A number of institutional investors have recently made changes to their positions in KHC. Elevation Wealth Partners LLC raised its stake in Kraft Heinz by 44.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 3,654 shares of the company’s stock worth $83,000 after buying an additional 1,118 shares during the period. Wealth Enhancement Trust Services Inc. grew its holdings in shares of Kraft Heinz by 42.7% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 3,480 shares of the company’s stock worth $79,000 after buying an additional 1,041 shares in the last quarter. Versant Capital Management Inc raised its position in Kraft Heinz by 5.0% in the 3rd quarter. Versant Capital Management Inc now owns 25,976 shares of the company’s stock valued at $590,000 after buying an additional 1,228 shares during the last quarter. Parrish Capital LLC raised its position in Kraft Heinz by 8.9% in the 3rd quarter. Parrish Capital LLC now owns 45,475 shares of the company’s stock valued at $1,033,000 after buying an additional 3,700 shares during the last quarter. Finally, Talon Private Wealth LLC bought a new stake in Kraft Heinz in the 2nd quarter valued at approximately $204,000. 78.17% of the stock is owned by institutional investors and hedge funds.

Trending Headlines about Kraft Heinz

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

• Positive Sentiment: Kraft Heinz is expanding Kraft Mac & Cheese into the ramen category with Cheesy Ramen, its first new category entry for the brand in nearly two decades. The Spicy, Chicken and Pork varieties are scheduled for a nationwide rollout in early 2027, potentially creating a new growth avenue for one of the company’s best-known brands. Kraft Mac & Cheese Enters First New Category in Nearly 20 Years with Cheesy Ramen
• Positive Sentiment: Management is emphasizing consumer trends such as protein and fiber while increasing product innovation, which could support brand relevance, reinvestment returns and longer-term sales growth. Kraft Heinz backs protein, fiber trends as innovation drive gains steam
• Positive Sentiment: The company’s recent pattern of beating profit forecasts is drawing greater attention to whether brand innovation and reinvestment can improve Kraft Heinz’s earnings trajectory. Is Kraft Heinz’s Cheesy Ramen Push Quietly Reframing Its Brand-Driven Earnings Narrative?
• Neutral Sentiment: Wells Fargo maintained its Hold rating, signaling that the broker sees limited near-term catalysts or sufficient risk to avoid a more constructive stance. Wells Fargo Keeps Their Hold Rating on Kraft Heinz
• Negative Sentiment: Another brokerage-related report says Kraft Heinz is now rated Reduce by Wall Street analysts, reinforcing concerns about weak growth, margin pressure and limited upside. Kraft Heinz Stock Now Rated Reduce by Wall Street Brokerages

About Kraft Heinz

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.