Kraft Heinz Stock Craters After Second-Largest Shareholder Sells 25 Million Shares

Warren Buffett-backed Kraft Heinz's stock has cratered after the 2nd-largest shareholder again trimmed its stake in the food company by skleb1234

The stock has markedly lagged the broader market this year: Kraft Heinz has fallen almost 32% so far in 2019, from near $45 per share to below $30.

The largest shareholder is Warren Buffett’s Berkshire Hathaway, which owns nearly 27% of Kraft Heinz. Despite the stock’s poor performance, Buffett hasKraft Heinz has two “buy” ratings, 14 “hold” ratings, and five “sell” ratings from Wall Street analysts, according to Bloomberg data.

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