Kraft Heinz stock falls 1.06 percent as Wells Fargo cuts target

Published on 10/05/2026 at 18:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kraft Heinz stock faces a Wells Fargo target cut from USD 25.00 to USD 23.00 on October 5, 2026. Second-quarter EPS beat consensus, but revenue fell 1.4 percent.

Flatlay mit Aktienzertifikat, Karte und Küchenutensilien auf Holztisch — Flatlay-Arrangement mit Aktienzertifikat und ISIN-Karte zu Kraft Heinz, Aktie ISIN US5007541064, Lebensmittelutensilien, Illustration mit AI erstellt.

Kraft Heinz stock (ISIN US5007541064) fell 1.06 percent to USD 21.95 on the NYSE on October 5, 2026, while Wells Fargo reduced its price target from USD 25.00 to USD 23.00. The move leaves the packaged-food company balancing an earnings beat against weaker sales and elevated brand investment.

Wells Fargo lowers its target

According to MarketBeat on October 5, 2026, Wells Fargo maintained an Equal Weight rating and cut its Kraft Heinz target from USD 25.00 to USD 23.00. The new target is USD 1.05 above the October 5 price, equivalent to 4.78 percent above USD 21.95.

The broader analyst view is more cautious. MarketBeat lists a Reduce consensus from 17 analysts, including one Buy, 11 Holds and five Sells, with an average target of USD 23.75, which lies 8.20 percent above the NYSE price.

Q2 beat meets weaker sales

Kraft Heinz reported adjusted second-quarter 2026 EPS of USD 0.56 versus USD 0.53 consensus, a USD 0.03 beat, while revenue reached USD 6.26 billion against USD 6.18 billion expected. The figures were reported for the quarter ended June 27, 2026, and were summarized by MarketBeat.

Revenue still declined 1.4 percent from the same quarter a year earlier, while adjusted EPS was below the USD 0.69 recorded in the prior-year quarter. Kraft Heinz set fiscal 2026 adjusted EPS guidance at USD 2.03-2.09, giving investors a defined earnings range against the weaker sales trend.

Investor Day sets the next checkpoint

The company has scheduled an Investor Day for November 12, 2026, according to Kraft Heinz. The event gives management a platform to explain its brand strategy and the spending needed to support the fiscal 2026 outlook.

For investors, the central tension is visible in the numbers: quarterly revenue missed the prior-year level even though adjusted EPS exceeded consensus by USD 0.03. The October 5 price also sits USD 0.91 above the 52-week low of USD 21.04 and USD 6.14 below the 52-week high of USD 28.09, keeping the stock closer to its yearly floor than its peak.

Stock trades near its yearly low

Kraft Heinz was last quoted at USD 21.95 on the NYSE at 12:53 p.m. ET on October 5, 2026, with volume of 6,329,209 shares and a market capitalization of USD 26.0 billion. The primary listing on the NYSE was confirmed by MIAX on September 14, 2026.