KHC $25.97
I think I have always used Heinz catsup. Having lived in Pittsburgh, the name Heinz was everywhere. I was not aware of the merger with Kraft that I guess Warren Buffet had something to do with, but I know my kids ate a lot of their macaroni and cheese!
The stock came to my attention with articles about the companies separating after the merger was not living up to their expectations. I had seen the effects of stock splits but have no idea what happens to a stock when a company separates like that.
So, I bought some just to see. It looks like there will be two new companies (I guess we lose the Heinz and Kraft names), and stock is awarded in place of the stocks you own.
It looks like it won’t take place until the middle of 2026, and since I am writing this in late 2025, I have a bit of a wait. In the meantime, the stock has gone down since I bought it but has gone up and down a lot since. At this point, I’m waiting to see what will happen, but I still like both companies.
