Kraft Heinz stock: JPMorgan cuts target for Kraft Heinz stock to USD 23.00

Published on 10/23/2026 at 06:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan set its target at USD 23.00 from USD 24.00 on October 20, 2026. Kraft Heinz stock posted USD 0.56 adjusted earnings per share in its second quarter.

Target pressure meets earnings context

JPMorgan lowered its Kraft Heinz target from USD 24.00 to USD 23.00 on October 20, 2026.
Second-quarter revenue was USD 6.26 billion versus USD 6.35 billion a year earlier.
Kraft Heinz stock closed at EUR 21.95 on October 22, 2026.

Makrofoto von roter Sauce mit Gewürzkörnern in extremer Nahaufnahme — Makroaufnahme von Gewürzkörnern und Tomatensauce für Kraft Heinz, Aktie ISIN US5007541064, extreme Nahaufnahme, Illustration mit AI erstellt.

The Kraft Heinz Company (ISIN US5007541064) faces a lower analyst valuation after JPMorgan cut its price target from USD 24.00 to USD 23.00 on October 20, 2026, according to MarketScreener. The move extends a series of cautious target revisions before the company's third-quarter report.

Three target cuts set the tone

Wells Fargo lowered its target from USD 25.00 to USD 23.00 on October 5, 2026, while keeping an Equal Weight rating, as reported by MarketBeat. Barclays then cut its target from USD 26.00 to USD 25.00 on October 16, 2026, according to Markets Insider. JPMorgan's USD 23.00 target was the latest dated reduction.

What does the target reset signal?

The valuation pressure is tied to a softer operating picture. For the quarter ended June 27, 2026, Kraft Heinz reported revenue of USD 6.26 billion, down from USD 6.35 billion in the comparable period, a decline of 1.42 percent. The company also posted USD 0.56 in quarterly earnings per share against a USD 0.53 consensus estimate, according to MarketBeat. The contrast is important: the earnings figure exceeded expectations, while revenue remained under pressure.

Next reporting date is November 4

Kraft Heinz is scheduled to release third-quarter 2026 results on November 4, 2026, according to the company's calendar carried by MarketScreener. That report will test whether the company can stabilize sales while continuing its brand investment program.

Stock valuation ahead of results

The primary-market quote was USD 25.09 on October 22, 2026, while the 52-week range was USD 21.04 to USD 28.09. The market capitalization was USD 29.8 billion on the same date. The dated range puts the primary-market price 10.68 percent below its 52-week high, leaving the upcoming results as the next concrete test for the lowered targets.

The last Xetra closing price was EUR 21.95 on October 22, 2026. The further course of trading is shown by the continuously updated real-time quote of Kraft Heinz stock.