Kraft Heinz (NASDAQ:KHC) Given New $24.00 Price Target at Wells Fargo & Company

Kraft Heinz (NASDAQ:KHC) had its target price raised by investment analysts at Wells Fargo & Company from $23.00 to $24.00 in a report released on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential downside of 5.74% from the company’s previous close.

Other research analysts have also issued reports about the stock. UBS Group reaffirmed a “neutral” rating on shares of Kraft Heinz in a research note on Thursday, October 15th. TD Cowen reiterated a “hold” rating and set a $22.00 price objective on shares of Kraft Heinz in a research note on Tuesday, September 22nd. Evercore set a $24.00 target price on Kraft Heinz in a report on Thursday, August 6th. JPMorgan Chase & Co. decreased their target price on Kraft Heinz from $24.00 to $23.00 and set an “underweight” rating on the stock in a research report on Tuesday, October 20th. Finally, Piper Sandler lifted their price target on Kraft Heinz from $24.00 to $25.00 and gave the stock a “neutral” rating in a research note 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 issued a Sell rating to the stock. Based on data from MarketBeat, Kraft Heinz has a consensus rating of “Reduce” and a consensus price target of $23.87.

Kraft Heinz Stock Performance

KHC opened at $25.46 on Thursday. 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 cap of $30.19 billion, a price-to-earnings ratio of -8.90, a PEG 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. The firm’s fifty day simple moving average is $24.00 and its two-hundred day simple moving average is $23.90.

Kraft Heinz (NASDAQ:KHC) 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 analyst estimates of $6.09 billion. Kraft Heinz had a negative net margin of 13.64% and a positive return on equity of 7.10%. The company’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.61 earnings per share. Equities analysts anticipate that Kraft Heinz will post 2.06 earnings per share for the current fiscal year.

Institutional Trading of Kraft Heinz

A number of hedge funds have recently bought and sold shares of KHC. BlackRock Inc. purchased a new stake in shares of Kraft Heinz in the second quarter valued at approximately $1,803,911,000. Nykredit A S acquired a new stake in shares of Kraft Heinz in the second quarter valued at approximately $181,408,000. Deutsche Bank AG purchased a new position in Kraft Heinz during the second quarter worth approximately $179,876,000. Bank of New York Mellon Corp purchased a new position in Kraft Heinz during the second quarter worth approximately $170,097,000. Finally, Legal & General Group Plc acquired a new position in Kraft Heinz during the second quarter worth $142,611,000. Institutional investors and hedge funds own 78.17% of the company’s stock.

More Kraft Heinz News

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

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.