Shares of Kraft Heinz (NASDAQ:KHC) fell about 3.6% in premarket trading on Wednesday after a regulatory filing indicated that Berkshire Hathaway (NYSE:BRK.B) may look to sell its 27.5% stake in the food group.
The disclosure showed that the conglomerate led by Warren Buffett is evaluating a potential divestment of its sizeable holding in Kraft Heinz, which has long been one of Berkshire Hathaway’s core investments.
Berkshire has retained its large ownership position since the 2015 merger that created Kraft Heinz. Any move to sell down or exit the stake would mark a notable change in Berkshire’s portfolio strategy.
Investors reacted cautiously to the development, pushing the shares lower in premarket trading as the market weighed the implications of a potential withdrawal by the company’s largest shareholder.
Kraft Heinz stock priceBerkshire Hathaway stock price
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