The Latest Breaking News from Kraft Heinz

The food giant will separate into two publicly traded companies -- one focused on heritage condiments and cheeses, the other on ready-to-eat staples -- in a move to revive growth after years of underperformance.

While Kraft Heinz Co's (NASDAQ:KHC) fundamentals "remain soft," the stock is under pressure due to a possible sale by the largest shareholder, Berkshire Hathaway Inc (NYSE:BRK), according to BofA Securities.

Chicago-based food group says it will split into two publicly traded companies through tax-free spin-off

The Kraft Heinz Company (NASDAQ:KHC) will split into two separate publicly traded entities, a move its board of directors has unanimously endorsed.

The company has brands such as Heinz, Philadelphia and Kraft Mac & Cheese.

The company has brands such as Heinz, Philadelphia and Kraft Mac & Cheese.

Kraft Heinz is splitting into two companies a decade after they joined in a massive merger

Legendary investor Warren Buffett has a history of beating the SP 500, but his conglomerate Berkshire Hathaway Inc (NYSE:BRK)(NYSE:BRK) currently trails the stock market index. Here's a look at the current top holdings of Berkshire Hathaway and how they're performing year-to-date.

Warren Buffett has affinity for dividend stocks, and Kraft Heinz (NASDAQ: KHC) is the highest-yielding dividend stock in his portfolio. Unfortunately for Buffett, Berkshire Hathaway (NYSE: BRK.A, BRK.B) took a $3.76 billion loss on its stake in Kraft Heinz in Q2.