UPDATE 4-Warren Buffett says Berkshire overpaid for Kraft Heinz [Reuters]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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ir.kraftheinzcompany.com/overview
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Source: Reuters
Warren Buffett says Berkshire overpaid for Kraft Heinz | Reuters 4 Min Read (Reuters) - Warren Buffett said on Monday his Berkshire Hathaway Inc overpaid in the 2015 merger that created Kraft Heinz Co, but he had no plans to flee the struggling packaged foods company. Buffett spoke four days after Kraft Heinz took a $15.4 billion writedown for its Kraft and Oscar Mayer brands and other assets, slashed its dividend, and said the U.S. Securities and Exchange Commission was probing its accounting. Kraft Heinz’s share price sank 27.5 percent on Friday, wiping out more than $16 billion of market value, and causing Berkshire to lose $4.3 billion on its stake. Berkshire owns 26.7 percent of Kraft Heinz. “I was wrong in a couple of ways on Kraft Heinz,” Buffett said on CNBC television. “We overpaid for Kraft.” Buffett did not say by how much Berkshire overpaid, but said the market reacted “probably quite properly” to the news. He also said he has “absolutely no intention” of adding to or subt
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News
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- Kraft Heinz Insiders Sell US$2.6m Of Stock, Possibly Signalling Caution [Yahoo! Finance]Yahoo! Finance
- Kraft Heinz stock closes in red after six days of gains [Seeking Alpha]Seeking Alpha
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KHC
Earnings
- 2/14/24 - Beat
KHC
Sec Filings
- 4/18/24 - Form 8-K
- 3/22/24 - Form PX14A6G
- 3/22/24 - Form ARS
- KHC's page on the SEC website