Kraft Heinz Gets Ready To Redeem Warren Buffet’s Investment

After major moves to cut both operational and financing costs, Kraft Heinz stock is up 16 percent this year, outperforming the S&P 500 packaged food index, which is up 6.8 percent. Warren Buffet’s Berkshire Hathaway company invested $8 billion in the deal three years ago that ultimately created Kraft-Heinz, which has been paying him a nine percent annual dividend – $720 million. But that’s all about to end as Kraft-Heinz is getting ready to redeem Berkshire’s preferred shares to the tune of about $8.3 billion: “good news for Kraft-Heinz, but bad news for Berkshire,” as Buffet told investors recently.