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Warren Buffett's successor eyes selling off Berkshire Hathaway's 325 million Kraft Heinz shares [Yahoo! Finance]

The Kraft Heinz Company (KHC)  More Company Research Source: Yahoo! Finance
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
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 3G Capital orchestrated the merger of Kraft and Heinz back then because they already owned Heinz and believed in the power of their brands. Now Greg Abel may be plotting a different course. Over the years since Buffett had come to realize that the company's competitive moat around its brands wasn't as strong as he thought as consumers have increasingly been willing to switch to store brands and move away from processed foods. Berkshire took a $3.76 billion writedown on its Kraft-Heinz stake last summer. Buffett said last fall that he was disappointed in Kraft Heinz' plan to split the company in two, and Berkshire's two representatives resigned from the Kraft board last spring. But still it was rare for [Read more]
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Stockreport

Warren Buffett's successor eyes selling off Berkshire Hathaway's 325 million Kraft Heinz shares [Yahoo! Finance]

The Kraft Heinz Company  (KHC) 
More Company Research Source: Yahoo! Finance
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
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 3G Capital orchestrated the merger of Kraft and Heinz back then because they already owned Heinz and believed in the power of their brands. Now Greg Abel may be plotting a different course. Over the years since Buffett had come to realize that the company's competitive moat around its brands wasn't as strong as he thought as consumers have increasingly been willing to switch to store brands and move away from processed foods. Berkshire took a $3.76 billion writedown on its Kraft-Heinz stake last summer. Buffett said last fall that he was disappointed in Kraft Heinz' plan to split the company in two, and Berkshire's two representatives resigned from the Kraft board last spring. But still it was rare for [Read more]
IMPACT SNAPSHOT
EVENT TIME:
KHC
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS