Kraft Heinz (NASDAQ: KHC) opened in the red this morning after Berkshire Hathaway (NYSE: BRK.B) registered its entire stake (27.5%) in the packaged foods specialist for resale.
Kraft Heinz Co (NASDAQ:KHC) stock is down 7% to trade at $22.07 at last check, following news that Berkshire Hathaway -- the company's biggest shareholder -- could sell nearly all of its shares.
Kraft Heinz Co (NASDAQ:KHC, XETRA:KHNZ) shares fell more than 4% after Berkshire Hathaway, the company's largest shareholder, filed paperwork indicating it could sell its entire stake. The filing, submitted to the Securities and Exchange Commission (SEC) on January 20, showed Berkshire, now led by CEO Greg Abel, holds about 27.5% of Kraft Heinz, roughly 325 million shares.
Warren Buffett's successor appears to be considering his first significant move after taking over as CEO this month.Kraft Heinz warned investors Tuesday that Berkshire Hathaway may be interested in selling its 325 million shares in the name brand food giant that Buffett helped create back in 2015. The news came in a filing with stock market regulators.Buffett and the Brazilian investment firm 3...
Berkshire Hathaway (BRK.B) may sell its 27.5% stake in Kraft Heinz (KHC), per a new regulatory filing. Trump signed an executive order restricting institutional investors from purchasing single-family homes, aiming to boost affordability.
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