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Berkshire Hathaway may sell its 27.5% stake in Kraft Heinz after more than a decade, per a regulatory filing, potentially ending the long-running investment; the update notes a company statement and the latest share movement.
Shares of Kraft Heinz fell about 3.8% after-hours after a regulatory filing showed Berkshire Hathaway may fully exit its 27.5% stake ahead of Kraft Heinz’s planned split, a move tied to Buffett-era losses; the stake was worth roughly $7.7 billion at the Jan. 20 close, and KHC has fallen about 19% over the past year despite a Hold rating and a $25.38 price target implying modest upside.