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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Kraft Heinz Stock Was Safe Under Buffett's Berkshire — Now, Investors React as Successor Plans to Offload Entire Stake

Kraft Heinz Berkshire Kraft Heinz Berkshire Hathaway Warren Buffett Greg Abel
Kraft Heinz plans to split the business in H2 2026. (Credit: Breet Jordan : Pexels)

Berkshire Hathaway is the largest shareholder of the ketchup maker Kraft Heinz (Nasdaq: KHC). The steady dividend-paying stock fell by 5.7% on Wednesday after the food giant revealed in a regulatory filing that Berkshire Hathaway (NYSE: BRK.A/BRK.B) is considering the option to sell over 325.4 million shares, worth more than $7.2 billion (£5.3 billion) at the latest closing price of $22.40 (£16.69).

Kraft Heinz's stock has declined by nearly 70% from its 2017 highs. Berkshire Hathaway, under Warren Buffett's leadership, orchestrated the merger of Kraft and Heinz in 2015. However, the combined company has struggled to keep pace with changing consumer tastes and rising competition over the past decade.

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