Kraft Heinz Share Price Trading Below Berkshire Hathaway’s Purchase PriceDr. David Kass
Kraft Heinz (KHC) is currently trading below Berkshire Hathaway’s (BRK.A, BRK.B) purchase price in 2015.
Berkshire Hathaway owns 26.7%, or 325,442,152 shares, of Kraft Heinz and purchased its stake with a cost basis of $9.8 billion, or $30.11 per share. At its current price of $28.60, Berkshire’s stake is valued at $9.3 billion, representing an unrealized loss (without including dividends received) of $500 million.
In 2017, at the peak price of $90 per share, Berkshire’s stake was worth $29.3 billion. Thus, the value of Berkshire’s stake has been reduced by $20 billion, or 68%, over the past two years.
Article by Dr. David Kass