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Berkshire’s Pivot and the Kraft Heinz Strategic Overhaul
Kraft Heinz hits a 6-year low as Berkshire signals it may sell its 27.5% stake
What happened
Kraft Heinz ($KHC) disclosed in an SEC prospectus filing that Berkshire Hathaway could sell, from time to time, up to 325.4 million shares — essentially its full 27.5% stake (about $7.7bn based on the prior close). The headline spooked the market because a stake that large creates a supply overhang. $KHC fell about 7% intraday and touched a near 6-year low.
Context that matters
1. Overhang risk
Even if Berkshire does not sell immediately, registering the shares puts “availability” on the table, which…
The skinny
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