Piper Sandler Lowers its Price Target on Kraft Heinz (KHC) to $24 from $26

The Kraft Heinz Company (NASDAQ:KHC) is one of the 7 Heavily-Battered Consumer Stocks That Could Triple by 2027.

On March 23, 2026, Piper Sandler lowered the price target on The Kraft Heinz Company (NASDAQ:KHC) to $24 from $26 and maintained a Neutral rating. Piper Sandler said the company’s shift toward increased investment in its brands and capabilities is “the right thing” and “long overdue,” while noting CEO Steve Cahillane has relevant experience but faces a significant turnaround following years of underinvestment. Piper Sandler added that U.S. retail sales momentum remains pressured, with additional headwinds expected from the rollout of SNAP work requirements.

On March 21, 2026, Kraft Heinz Canada announced a C$250M investment to modernize its Mont Royal factory in Montreal, with plans to upgrade plant systems to improve efficiency, sustainability, and innovation. The company said the investment will also support new production volume at the facility, which employs over 1,000 workers, and is intended to strengthen domestic manufacturing and support local communities. President Simon Laroche said the move reflects a long-standing commitment to producing food in Canada and highlighted the role of the Mont Royal facility in supplying key products.

Piper Sandler Lowers its Price Target on Kraft Heinz (KHC) to $24 from $26

On March 18, 2026, The Kraft Heinz Company (NASDAQ:KHC) and the National Football League announced a five-year global strategic partnership, with Kraft Heinz becoming the league’s first global condiment partner and expanding brand visibility through stadium presence, co-branded marketing, and retail activations.

The Kraft Heinz Company (NASDAQ:KHC) manufactures and markets food and beverage products globally.

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