New York, Feb 14, 2026, 19:02 (EST) — The session wrapped with the market closed.
- Kraft Heinz finished Friday at $24.79, a gain of roughly 1.9%, with shares moving in a range from $24.29 to $24.93.
- Wall Street’s attention is turning to 2026 spending plans and mounting balance-sheet pressure, following the company’s decision to halt its separation efforts and warn about increased capital outlays.
- S&P shifted its outlook to negative, and JPMorgan also took a more bearish stance on the stock.
Kraft Heinz shares picked up 1.9% on Friday, ending the session at $24.79. The gain came despite another round of downgrades and credit alerts swirling around the food giant’s future. (Kraft Heinz Investor Relations)
Timing’s critical here. With a new chief executive in place, Kraft Heinz is pushing to reshape investor expectations. Now the question: will ramped-up spending stem the drop in volume, or just tighten up cash flow?
The debate has intensified as the company pulls away from its planned breakup, opting to double down on investment. That move can be a boon for brands down the line, but it tends to dent results up front.
Kraft Heinz on Thursday forecast capital spending of around $950 million for 2026, up from the prior year’s $801 million, and said roughly 60 jobs would be cut at its headquarters in Chicago and Pittsburgh. The company uses this capex on plants and equipment. CEO Steve Cahillane described the challenges as “fixable and within our control,” following the board’s decision to halt work on a planned separation. (Reuters)
JPMorgan has taken Kraft Heinz down a notch, dropping its rating to “underweight” from “neutral” and slicing the price target to $22, down from $24. Citing a dimmer outlook and tight room for maneuver after paying dividends, the bank flagged organic sales and earnings projections it sees lagging Street forecasts. Organic sales, for the record, strip out currency effects and certain one-time items. (Investing.com)
Credit risk edged onto the radar as well. S&P Global Ratings shifted its outlook for Kraft Heinz to negative from stable but left the ‘BBB’ rating unchanged, pointing to ongoing margin stress and uncertainty over whether the company can steady its results. (S&P Global)
Kraft Heinz, in its Thursday annual filing, posted net sales of $24.942 billion for the year ending Dec. 27, 2025, a decline from $25.846 billion the previous year. North America organic net sales slipped, mostly on softer volume and mix. The company logged $6.7 billion in non-cash goodwill impairment losses during the second quarter of 2025, following a prolonged drop in share price and market cap. Walmart accounted for roughly 21% of Kraft Heinz’s net sales in 2025, the filing noted. (SEC)
Shares jumped Friday, outstripping the broader sector’s performance. The Consumer Staples Select Sector SPDR Fund ended up around 0.3%. The SPDR S&P 500 ETF Trust barely budged.
With U.S. stock markets shuttered Monday for Washington’s Birthday, action won’t pick up until Tuesday, when trading gets underway again. (New York Stock Exchange)
Bulls face a clear risk here: Should the spending push fall short on volumes, or if price cuts sting more than anticipated, margins and leverage take the hit. That puts both the dividend and credit metrics right back under scrutiny.
Kraft Heinz’s session at the Consumer Analyst Group of New York conference is set for Feb. 19, kicking off at 7:00 a.m. EST. Investors will be looking for specifics on the company’s 2026 plan and updates on reinvestment timing. (news.kraftheinzcompany.com)
