Why Warren Buffett Loves Kraft Heinz
A five-year chart of Kraft Heinz (NASDAQ: KHC) stock offers a near-perfect reversed reflection of the S&P 500 index's performance over the same time frame. Share prices of the food product giant have declined nearly 57% over the last five years, underperforming the 46% gain from the index. But Warren Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) has held to its shares in the company throughout that half-decade.
Berkshire is one of the company's largest shareholders. As of March 2022, Berkshire owned 26.6% of Kraft Heinz.
Why has Buffett continued to hold an underperforming stock? Well, for one thing, it's not like there haven't been any good reasons to sell. Here are a few things that went wrong following the merger between Kraft Foods and H.J. Heinz:
Source Fool.com
