The Post-Buffett Era Begins With a Bang

Kraft Heinz Co. (KHC) shares took a beating in after-hours trading Tuesday following news that Berkshire Hathaway filed to sell up to 325.44 million shares of the food and beverage company.

Here's the context: according to Berkshire's latest 13F filing, the conglomerate owned approximately 325.63 million shares of Kraft Heinz as of September 30, 2025. That represents a 27.5% stake in the company and accounts for 2.5% of Berkshire's entire portfolio. This filing essentially signals plans to exit the position entirely.

Berkshire has been along for the whole ride since Kraft Heinz was created through the merger of H.J. Heinz and Kraft Foods back in July 2015. The investment was a classic Buffett play at the time, backing consumer brands with pricing power and household recognition.

What makes this particularly interesting is the timing. Warren Buffett officially handed the CEO reins to Greg Abel at the end of 2025, and this appears to be the most significant portfolio move since that transition. Whether this reflects a strategic shift under Abel's leadership or just cleaning house on an underperforming position remains to be seen.

Kraft Heinz is scheduled to report fourth-quarter and full-year 2025 results on February 11, with analysts expecting earnings of 61 cents per share.

Market Reaction

KHC Price Action: Kraft Heinz shares were down 5.14% in after-hours trading, changing hands at $22.54 at the time of publication Tuesday. The stock was hovering near all-time lows in extended trading.