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Berkshire Hathaway finally invested in a company with some AI chops.
Kraft Heinz's stock price fell more than 4% in after-hours trading due to Berkshire Hathaway (BRK) potentially selling its 27.5% stake. According to regulatory filings, Berkshire may resell 325.4 million shares of Kraft Heinz, exiting an investment made over a decade ago. Kraft Heinz stated that it will continue to focus on maximizing business and shareholder interests
Berkshire Hathaway may sell its 27.5% stake in Kraft Heinz, as indicated by a regulatory filing. The conglomerate has written down its investment in Kraft Heinz twice, totaling $6.76 billion. Kraft Heinz shares fell 4.9% in after-hours trading following the filing. The company has struggled with competition and underinvestment, leading to disappointing performance in the U.S. food sector. Kraft Heinz recently appointed Steve Cahillane as CEO, while Berkshire's Greg Abel has taken over as CEO of the conglomerate.
Kraft Heinz has filed a prospectus supplement to register the potential resale of 325.4 million shares held by Berkshire Hathaway, stemming from a 2015 agreement. This filing does not indicate a sale or require Berkshire to sell any shares, and Kraft Heinz will not receive proceeds from any resale. Following the announcement, Kraft Heinz shares dropped 4.9% in after-hours trading.
Shares of packaged food maker Kraft Heinzdown ~5% at $22.59 in extended tradingCo says Berkshire Hathaway (BRKa.N) may offer up to 325.4 million shares of KHC’s common stock — SEC filingIf any shares are sold by the selling stockholder, the company would not receive any proceeds from that sale, co saysKHC fell about 21% in 2025
