NEW YORK, Jan 21, 2026, 05:18 (EST)
- Berkshire Hathaway has listed its 27.5% stake in Kraft Heinz for possible sale in a fresh SEC prospectus supplement
- After the filing, Kraft Heinz shares dropped roughly 5% in after-hours trading
- Attention now shifts to how Berkshire’s new CEO, Greg Abel, manages its major, longstanding holdings
Berkshire Hathaway could be gearing up to sell most of its stake in Kraft Heinz after the food giant filed a prospectus supplement with U.S. regulators on Tuesday, signaling a potential resale of Berkshire’s 325.4 million shares—roughly 27.5% of the company. Kraft Heinz shares ended regular trading at $23.76 but slid 4.9% to $22.59 in after-hours. The company said, “Our focus continues to be on maximizing long-term value for our business and for all shareholders.” (Reuters)
The timing of this disclosure is sensitive, given Berkshire’s massive stake—any sale could quickly shift the focus from fundamentals to supply concerns. It’d also mark one of the first big portfolio moves since Greg Abel stepped in as Berkshire’s CEO earlier this year. (MarketWatch)
Kraft Heinz called the document a “prospectus supplement” — an SEC filing that updates a prior registration to allow shares to be sold legally on the public market. In an 8-K filing, the company clarified the prospectus was filed only to register a possible resale by Berkshire under a 2015 registration rights agreement. It emphasized this isn’t a sale itself and doesn’t guarantee Berkshire will sell. Kraft Heinz added it won’t get any proceeds from sales and isn’t issuing new shares.
The prospectus states the selling stockholder may sell shares “from time to time,” outlining possible methods such as Nasdaq offerings, over-the-counter trades, and negotiated deals. Filed as a “shelf” registration with the SEC—allowing future sales—it warns that sizable sales, or even just the expectation of them, might pressure the stock price. (SEC)
CFRA Research analyst Cathy Seifert noted that Abel’s approach “may be a departure” from Warren Buffett’s style. She described a potential Kraft Heinz sale as “a shift in corporate mindset” if it goes through. Chris Ballard, managing director at Check Capital, called selling Kraft “probably the most low-hanging fruit,” but added that offloading the entire stake in the open market would be tough without a big buyer. (AP News)
Kraft Heinz is undergoing a major reset. In September, the company announced plans to split into two separate publicly traded entities, aiming to complete the deal in the second half of 2026. The move is designed to be tax-free, though Kraft Heinz warned of up to $300 million in “dis-synergies”—extra costs and lost efficiencies—associated with the separation. (Kraft Heinz News)
In December, Kraft Heinz appointed Steve Cahillane, formerly CEO of Kellanova, as its new CEO starting Jan. 1, 2026. Carlos Abrams-Rivera will step down but stay on as an adviser until March 6. “I am honored to be joining Kraft Heinz as CEO,” Cahillane said in the announcement. The company also said Cahillane will head the Global Taste Elevation business following the split, while the board begins a CEO search for the North American Grocery segment. (Kraft Heinz News)
Kraft Heinz filed the resale registration under an automatic shelf registration statement on Form S-3ASR back in February 2025. The company also supplied a legal opinion covering the shares noted in the supplement. (GuruFocus)
The filing didn’t clarify key points like when, how fast, or by what means the sale might happen. This missing information has sparked renewed scrutiny of Berkshire’s portfolio and its handling of a major consumer holding. (Simply Wall St)
Kraft Heinz announced it will release its fourth-quarter and full-year 2025 earnings on Feb. 11, with an analyst Q&A session scheduled for 9 a.m. EST. (Kraft Heinz News)
The filing signals approval but doesn’t confirm a sale, with the big question being if Berkshire will offload any shares—and if so, whether it’ll dump a large block or sell slowly. Kraft Heinz shares slipped below their 52-week low in after-hours trading, offering a yield close to 7%. That limits how much selling pressure the stock can absorb without triggering bigger price moves. (Barron’s)
Investors are set to watch for follow-up disclosures detailing actual sales, along with new updates on the timetable for the break-up, as Kraft Heinz moves further into its transition year.
