Wells Fargo & Company Issues Pessimistic Forecast for Kraft Heinz (NASDAQ:KHC) Stock Price

Kraft Heinz (NASDAQ:KHC) had its price target reduced by stock analysts at Wells Fargo & Company from $25.00 to $23.00 in a report released on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 4.54% from the company’s current price.

Other equities research analysts also recently issued research reports about the company. UBS Group increased their target price on Kraft Heinz from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Thursday, August 6th. BNP Paribas Exane boosted their price objective on Kraft Heinz from $17.00 to $19.00 and gave the company an “underperform” rating in a research note on Tuesday, June 30th. Evercore set a $24.00 price objective on Kraft Heinz in a report on Thursday, August 6th. Weiss Ratings downgraded Kraft Heinz from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, August 6th. Finally, Barclays upped their price target on Kraft Heinz from $25.00 to $26.00 and gave the company an “equal weight” rating in a research report on Friday, August 7th. One analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $23.75.

Kraft Heinz Stock Performance

NASDAQ KHC opened at $22.00 on Monday. The company’s 50 day moving average is $24.78 and its 200-day moving average is $23.95. Kraft Heinz has a 12-month low of $21.03 and a 12-month high of $28.09. 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 firm has a market cap of $26.09 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 (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.53 by $0.03. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company had revenue of $6.26 billion during the quarter, compared to the consensus estimate of $6.18 billion. During the same period last year, the firm earned $0.69 EPS. Kraft Heinz’s revenue for the quarter was down 1.4% on a year-over-year basis. Kraft Heinz has set its FY 2026 guidance at 2.030-2.090 EPS. Sell-side 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 have recently added to or reduced their stakes in KHC. Waverly Advisors LLC lifted its position in Kraft Heinz by 3.9% during the 2nd quarter. Waverly Advisors LLC now owns 11,438 shares of the company’s stock valued at $270,000 after acquiring an additional 433 shares during the period. Parkside Financial Bank & Trust grew its holdings in Kraft Heinz by 19.6% in the second quarter. Parkside Financial Bank & Trust now owns 3,097 shares of the company’s stock worth $73,000 after purchasing an additional 508 shares during the period. Triumph Capital Management increased its stake in shares of Kraft Heinz by 14.4% during the second quarter. Triumph Capital Management now owns 4,042 shares of the company’s stock valued at $95,000 after purchasing an additional 509 shares in the last quarter. Van Hulzen Asset Management LLC increased its stake in shares of Kraft Heinz by 5.6% during the second quarter. Van Hulzen Asset Management LLC now owns 10,029 shares of the company’s stock valued at $237,000 after purchasing an additional 529 shares in the last quarter. Finally, Cohen Investment Advisors LLC lifted its holdings in shares of Kraft Heinz by 4.6% during the first quarter. Cohen Investment Advisors LLC now owns 13,522 shares of the company’s stock valued at $304,000 after purchasing an additional 592 shares during the last quarter. 78.17% of the stock is currently owned by institutional investors.

Key Kraft Heinz News

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

• Positive Sentiment: New product expansion: Kraft Mac & Cheese launched Cheesy Ramen in Spicy, Chicken and Pork varieties, its first new category entry in nearly 20 years. The move could help refresh the brand, attract younger consumers and create incremental growth opportunities. Kraft Mac & Cheese Enters First New Category in Nearly 20 Years with Cheesy Ramen
• Positive Sentiment: Innovation and consumer trends: Kraft Heinz is emphasizing products aligned with protein and fiber demand, suggesting management is using innovation to support brand momentum amid challenging consumer conditions. Kraft Heinz backs protein, fiber trends as innovation drive gains steam
• Neutral Sentiment: Potential earnings support: Zacks highlighted Kraft Heinz’s history of earnings surprises and a favorable Earnings ESP setup ahead of its next report. However, this is a forecast rather than a reported result; the company’s latest quarter showed earnings above estimates but declining year-over-year revenue.
• Negative Sentiment: Lower valuation expectations: Wells Fargo cut its Kraft Heinz price target from $25 to $23 and maintained an “equal weight” rating, implying limited upside from the recent $22 reference price. Kraft Heinz Stock Price Target Cut by Wells Fargo
• Negative Sentiment: Brokerage caution: Separate coverage reported that Kraft Heinz was newly rated “Reduce” by Wall Street brokerages, adding pressure to the shares despite the recent technical rebound. Kraft Heinz Stock Now Rated Reduce by Wall Street Brokerages

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.