Berkshire Hathaway has come out of the Kraft Heinz merger as its biggest single shareholder with 325,442,152 shares of common stock and 80,000 shares of 9% cumulative compounding preferred stock, Series A.
Berkshire’s partner in the acquisition, 3G Capital, is the second largest shareholder with 293,536,058 shares of common stock.
Combined, Berkshire and 3G own 51% of the new consumer food giant.
Berkshire’s Additional Hidden Ownership
As they say in the TV ads, “But wait there’s more!”
Berkshire Hathaway has an additional ownership stake in Kraft Heinz through the pension fund of its subsidiary, Benjamin Moore & Co.
Benjamin Moore’s retirement plan owns 192,666 shares of common stock in its own right.
As usual with all things Berkshire Hathaway, it’s good to keep in mind that the conglomerate is like a series of nested dolls, and in its companies, or sometimes even in its companies within its companies, there are often hidden treasures.
© 2015 David Mazor
Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell the stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.