75 mentions across the corpus · positive 12 · negative 22 · neutral 41 · historical 0
Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26
“brought Craft and Hines together, the whole idea was that there'd be a lot of synergies, a lot of opportunities, and then they announced and and it's, as I highlight in the letter, it's been a disappo”
2025 Berkshire Hathaway Shareholder Letter (Greg Abel)
“Our investment in Kraft Heinz has been disappointing. Even after considering the preferred equity component in our original Heinz investment, our return has been well short of adequate.”
2024 Berkshire Hathaway Shareholder Letter
“Includes certain businesses in which Berkshire had between a 20% and 50% ownership such as Kraft Heinz, Occidental Petroleum and Berkadia.”
2021 Berkshire Hathaway Shareholder Letter
“Berkshire also owns a 26.6% interest in Kraft Heinz (accounted for on the "equity" method”
“Kraft Heinz has performed over the last 12 months compared to the digital disappointing performance pre-COVID. And what are your current and longer-term views on Kraft-Hine's prospects?”
“in terms of Kraft-Ein stock, that's up to somebody else to evaluate. Yeah, the only thing I would add, Warren, is I think we're very comfortable with the fact that they put a strong manager in place i”
2020 Berkshire Hathaway Shareholder Letter
“We exclude our Kraft Heinz holding — 325,442,152 shares — because Berkshire is part of a control group”
Daily Journal Annual Meeting 2020 — Munger Q&A
“I was also looking at a couple of stocks that you own, like Kraft Heinz. With your 26% in the company”
Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020
“And then Kraft Hines. This comes in from David Hall. He says, Mr. Buffett, while Kraft Hines continues to whittle down their total debt”
Buffett: Coronavirus threat shouldn't change how you invest | February 24, 2020
“we paid too much for Kraft, and we took on more debt in that, but we paid too much”
Buffett: Stocks are 'ridiculously cheap' if rates don't move | May 6, 2019
“SEC filing that came out from Kraft Hines. That's obviously a big Berkshire Hathaway holding. Kraft Hines says that it will restate”
2019 Berkshire Hathaway Shareholder Letter
“We exclude our Kraft Heinz holding – 325,442,152 shares – because Berkshire is part of a control group”
Morning Session - 2019 Meeting
“We report on Kraft Heinz of which we own about 27 percent or so.”
Morning Session - 2019 Meeting
“We are part of a control group at Kraft Heinz. So instead of reporting dividends, we report what they call equity earnings. Kraft Heinz has not filed their 10K”
Morning Session - 2019 Meeting
“There has been a lot written about the recent impairment charge at Kraft Hines... we paid too much for Kraft.”
Morning Session - 2019 Meeting
“we paid too much for the craft side of Kraft Heinz... all of Kraft-Heinz says $26 billion... We paid too much. We paid $50 billion”
Morning Session - 2019 Meeting
“we made a mistake on the craft part of Kraft Times... we paid a very high price in terms of the craft part”
Afternoon Session - 2019 Meeting
“the first time Berkshire is committed to such a large preferred share investment since the acquisition of Heinz in 2013”
Morning Session - 2019 Meeting
“This question is on Berkshire's relationship with 3G Capital. Kraft-Hines is. recent challenges have raised questions”
Morning Session - 2019 Meeting
“at Kraft Heinz, they're intermediaries. And the question, and those intermediaries, you're trying to make money”
Morning Session - 2019 Meeting
“we are their partners in the in Kraft Heinz and it's not at all inconceivable that we could be partners in some other transaction”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“also the $3 billion right down on Kraft”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“the news last week that Kraft Hines put out. There was so much news... missed expectations... SEC investigation... wrote down the value of the brands by just over $15 billion.”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“I've been watching, I was wrong in a couple ways on Kraft Heinz. But the, I think we talked the Glyde luncheon time about the packaged goods brands losing some ground against the retailers.”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“We did overpay. We didn't overpay for Kraft. I mean, for Hines...we overpaid for Kraft. And we wrote down $15 billion of that.”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“We've never sold a share of Kraft Heinz. And if we sold or bought, it has to be reported within two days. I have absolutely no intention of selling.”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“for $6 billion, would you pay $6 billion? Would you pay a lot more than 72 where it doesn't look like it's going to be going up for a while? Maybe even what they said is going to go down in 2019.”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“I mentioned that Kraft Heinz earned $6 billion on $7 billion in tangible assets. Even if you pay $70 billion and you earn $6 billion on it”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“If we'd paid 10 billion less for Kraft, it would have still earned the same money, you know, basically.”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“you own 26.7% of Kraft Heinz. It came out with a lot of bad news on Thursday with its earnings missing, with an SEC investigation”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“we overpaid in Kraft. I don't think we overpaid in Heinz. And we borrowed money that related to projections that have not been met.”
Buffett: "I was wrong" on Kraft Heinz | February 25, 2019
“Watching what happened to shares of Kraft Hines on Friday, after all that news came out after the market closed on Thursday, I mean, stock was down 30% and I think for Berkshire alone, that was a loss”
“could get wrapped in potentially to Kraft-Hines? Well, I don't know that it changes the picture a lot... would Kraft Hines be interested”
2018 Berkshire Hathaway Shareholder Letter
“a $3.0 billion non-cash loss from an impairment of intangible assets (arising almost entirely from our equity interest in Kraft Heinz)”
2018 Berkshire Hathaway Shareholder Letter
“26.7% of Kraft Heinz, 50% of Berkadia and Electric Transmission Texas, and 38.6% of Pilot Flying J”
2018 Berkshire Hathaway Shareholder Letter
“We exclude our Kraft Heinz holding – 325,442,152 shares – because Berkshire is part of a control group”
Criticizing the cryptocurrency craze | May 7, 2018
“And a company like Kraft-Hine, which is down about 35 percent over the last 12 months versus the S&P being up 11 percent”
Criticizing the cryptocurrency craze | May 7, 2018
“return on tangible assets, you know, at Coca-Cola or Kraft-Times or anything, you know, you know. You've got a very good business”
Morning Session - 2018 Meeting
“when you get Kraft Hines, for that matter, or Philip Morris or whomever it may be on one side of the deal”
Afternoon Session - 2018 Meeting
“Warren, you're stepping down from the Kraftines Board at a time when the company is looking to do a large acquisition, Unilever, for example.”
Morning Session - 2018 Meeting
“zero-based budgeting that has been so effective with Kraft Heinz and other investments that you've done with 3G partners”
Morning Session - 2018 Meeting
“I like the business, and we own 26 and so percent of it. But there are a number of items within Kraft Hines that enjoy pretty, fairly healthy growth.”
Morning Session - 2018 Meeting
“Given the changes in consumer tastes in the food business and Kraft Heinz is already high margin structure”
Buffett's health care partnership is "determined" to contain costs | February 26, 2018
“One question that came in from Kraft Hines was a question about the announcement that Kraft Hines just put out”
Buffett's health care partnership is "determined" to contain costs | February 26, 2018
“Kraft Hines reports, retirement of Warren Buffett. from board. That's, that's, I wasn't on any outside board until the craft, well, until the Heinz deal came along”
"I was wrong" on IBM | August 30, 2017
“They're going to do it on the backs of companies like Kraft Hines. Do you worry about how profitable that company can be with all this pressure”
2017 Berkshire Hathaway Shareholder Letter
“Berkshire owns $170 billion of marketable stocks (not including our shares of Kraft Heinz)”
2017 Berkshire Hathaway Shareholder Letter
“We exclude our Kraft Heinz holding – 325,442,152 shares – because Berkshire is part of a control group”
Buying Apple, selling IBM, missing Google | May 8, 2017
“Well, craft the margins have come up because they're doing just as much business. But they're not, they don't have people there that they don't need.”
Afternoon Session - 2017 Meeting
“I wrote about this a year ago...if you had the Kraft Heinz cheesecake, you'll agree with me that product improvement and innovation there is”
Afternoon Session - 2017 Meeting
“regarding Berkshire Hathaway's Kraft-Heinz investment. This investment has done well... 3G fired 2,500 employees at Kraft Heinz”
Afternoon Session - 2017 Meeting
“great outcome of transactions such as the Kraft Heinz merger”
Morning Session - 2017 Meeting
“Kraft-Hine's was a widely owned company in which we and 3G act as a controlled group and have a little over 50% of the stock”
Morning Session - 2017 Meeting
“I've just been handed something Kraft Heinz came out with. They just came out with it commercially a couple days ago... it's good.”
Buffett buys airlines and Apple | February 27, 2017
“Kraft Hines and 3G would be putting together. Deal came out on Friday, some news broke on it. Stocks for a lot of the other suitors”
Buffett buys airlines and Apple | February 27, 2017
“will there be another deal with Kraft Hines someday?”
Buffett buys airlines and Apple | February 27, 2017
“the activities of what Kraft Heinz and 3G and Berkshire's involvement with that, simply by them being there and watching 3G's operations”
2016 Berkshire Hathaway Shareholder Letter
“The 325,442,152 shares Berkshire owns of Kraft Heinz are carried on our balance sheet at a GAAP figure of $15.3 billion”
2016 Berkshire Hathaway Shareholder Letter
“the substantial dividends we receive from our 27% ownership of Kraft Heinz, all of it held by the parent company”
Afternoon Session - 2016 Meeting
“3G has been very successful in cutting costs and increasing margins at Kraft Hines, the company has seen volumes and revenues decline.”
Afternoon Session - 2016 Meeting
“At Kraft Heinz, for example, we've got certain lines that will decline in volume. I think we've got certain lines that will increase.”
Afternoon Session - 2016 Meeting
“allowing for the preferred that's going to, of Kraft Heinz, will be, again, over $60 billion of consolidated cash”
2015 Berkshire Hathaway Shareholder Letter
“Our 27% holding of Kraft Heinz is the 1⁄4.) That leaves just under 98% of America's business giants”
2015 Berkshire Hathaway Shareholder Letter
“Now we own 325.4 million shares of Kraft Heinz (about 27%) that cost us $9.8 billion. The new company has annual sales of $27 billion”
2015 Berkshire Hathaway Shareholder Letter
“That will be good news for Kraft Heinz and bad news for Berkshire.”
2015 Berkshire Hathaway Shareholder Letter
“In 2015 our per-share cash and investments increased 8.3% to $159,794 (with our Kraft Heinz shares stated at market value)”
Defending Clayton Homes and Berkshire's IBM stake | May 4, 2015
“concerns about changing taste, consumer tastes in the food industries that Berkshire owns major stakes in, companies like Kraft”
Defending Clayton Homes and Berkshire's IBM stake | May 4, 2015
“But at Heinz, we've got four new products coming out very soon. And there's always some evolving.”
Defending Clayton Homes and Berkshire's IBM stake | May 4, 2015
“whether you recognize and think that companies like Coca-Cola, or whether it's Hines or Kraft, are going to have to transform”
Morning Session - 2015 Meeting
“as Bush and Bev for King Tim Hortons and Now Kraft-Hines, one gets the sense that they view the average consumer staples firm”
2014 Berkshire Hathaway Shareholder Letter
“My affirmative response was a no-brainer: I knew immediately that this partnership would work well from both a personal and financial standpoint. And it most definitely has.”
Afternoon Session - 2014 Meeting
“hope that Heinz is the first of many elephants that you bagged together”
2013 Berkshire Hathaway Shareholder Letter
“we purchased $8 billion of Heinz preferred stock that carries a 9% coupon but also possesses other features that should increase the preferred's annual return to 12% or so”
Buffett on Heinz deal: "We've got a great business" | March 4, 2013
“Heinz probably fits into that again. But, you know, Warren, Heinz's been, when was it found? 70 or so, 1869.”
Class B stock split was "easy decision" | January 20, 2010
“if you look at the value of the craft stock, is more like 16 or 17, and they sold earnings at nine times. So it's hard to get rich doing that. And I've got very, I've got a lot of doubts about the dea”