Kraft Heinz (KHC) is among the top 10 holdings for Berkshire Hathaway (BRK.B) - whose chairman, Warren Buffett, is among the best-known value investors of all time. In 2019, though, Buffett admitted that he overpaid for Heinz, after giving his blessing to the merger with Kraft just four years prior.
When the merged entity started to trade in 2015, it opened at $71 – over twice the current price level, but less than a third of its all-time highs in 2017. KHC is down about 20% in 2023, and is trading near its 52-week lows.
