Kraft Heinz Pauses Its Breakup Plans. Should You Buy the High-Yield Dividend Stock Here?
After Kraft Heinz (KHC) announced that it would postpone its breakup into two entities and spend $600 million to improve itself, I believe that the moves could potentially help the company in the longer term. Still, Berkshire Hathaway (BRK.A) (BRK.B), which owned 27.5% of KHC as of January, may still decide to unload its entire stake in the packaged-foods giant, putting a great deal of downward pressure on its shares. Moreover, Kraft Heinz reported discouraging fourth-quarter results, and multiple macro ...