New CEO Greg Abel Called One of Berkshire Hathaway's Long-Term Investments "Well Short of Adequate." Should Investors Sell the Stock?
Source: Motley Fool
2026-03-07 17:25:00 ET
In 2013, Berkshire Hathaway (NYSE: BRKA) (NYSE: BRKB) partnered with the Brazilian private equity firm 3G to acquire Heinz for an enterprise value of $28 billion. Two years later, they merged Heinz with Kraft to create Kraft Heinz (NASDAQ: KHC) , the company investors know today. The investment has arguably been one of Warren Buffett's worst.
Since the merger, the stock is down nearly 67%, and Berkshire still owns 27.5% of the company. In his first letter to shareholders, new CEO Greg Abel acknowledged that "our return has been well short of adequate." Should investors sell the stock?
Image source: Getty Images.
The Kraft Heinz Company
NASDAQ: KHC
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