This High-Yield Warren Buffett Stock Just Rocked the Market. Should You Buy Shares Here?
Last Tuesday, Kraft Heinz announced plans to split into two companies, effectively undoing much of the $46 billion merger from a decade ago that had created one of the world’s largest food firms. Warren Buffett, the legendary investor whose Berkshire Hathaway is Kraft Heinz’s largest shareholder, told CNBC that he was disappointed with the move. The company’s shares ended the trading session down roughly 7% after Buffett’s comments.Shares of the food company have dropped 12.8% on a year-to-date (YTD) basis, ...