Greg Abel Takes Over as Berkshire CEO, May Sell Kraft Heinz Stake
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3d ago
0mins
Source: NASDAQ.COM
- Executive Transition: Greg Abel officially took over as CEO of Berkshire Hathaway on January 1, 2026, marking a significant leadership change that could influence future investment strategies.
- Potential Sale: Berkshire Hathaway may sell its entire stake in Kraft Heinz, approximately 325 million shares valued at about $8.5 billion, which constitutes roughly 3.2% of its $267 billion portfolio, indicating a potential reassessment of this investment.
- Historical Context: Berkshire was instrumental in the 2015 merger with 3G Capital to form Kraft Heinz, but the stock has plummeted from over $90 in 2017 to $22.40 today, reflecting an average annual return of about -11%, highlighting the long-term underperformance of this investment.
- Strategic Shift: With Kraft Heinz announcing a split into two public companies, Abel may seize this opportunity to divest completely, reallocating capital to more promising ventures, demonstrating a thoughtful approach to the company's future growth.
Analyst Views on KHC
Wall Street analysts forecast KHC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KHC is 25.86 USD with a low forecast of 24.00 USD and a high forecast of 28.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
0 Buy
14 Hold
1 Sell
Hold
Current: 23.580
Low
24.00
Averages
25.86
High
28.00
Current: 23.580
Low
24.00
Averages
25.86
High
28.00
About KHC
The Kraft Heinz Company manufactures and markets food and beverage products around the world through its eight consumer-driven product platforms: Taste Elevation, Easy Ready Meals, Substantial Snacking, Desserts, Hydration, Cheese, Coffee, and Meats. The Company has two reportable segments defined by geographic region: North America and International Developed Markets. Its other segments, consisting of West and East Emerging Markets (WEEM) and Asia Emerging Markets (AEM), are combined and disclosed as Emerging Markets. It manufactures its products from a wide variety of raw materials. Its brands include Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Capri Sun, Maxwell Apartment, Kool-Aid, Jell-O, Heinz, Golden Circle, Wattie’s, Plasmon, Heinz, ABC, Master, Quero, Kraft, and Pudliszki, among others. The Company’s products are sold through its own sales organizations and through independent brokers, agents, and distributors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
