Berkshire Signals Exit From Kraft Heinz as Split Nears
TL;DR
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.
- Kraft Heinz (KHC) Stock Falls as Berkshire Weighs Selling Entire 27.5% Stake TipRanks
- Kraft Heinz Shares Tumble After Flagging Berkshire’s Potential Share Sale The Wall Street Journal
- Warren Buffett's successor eyes selling off Berkshire Hathaway's 325 million Kraft Heinz shares Yahoo Finance
- Kraft Heinz stock falls as Berkshire Hathaway may sell off nearly its entire stake MarketWatch
- Berkshire Hathaway may unload 27.5% Kraft Heinz stake - filing (BRK.B:NYSE) Seeking Alpha
Want the full story? Read the original reporting
Read on TipRanks