Gabelli Signals Interest in Kraft Heinz Breakup, Says He’d Buy Company ‘in Pieces’
Investor commentary builds with a tax‑free breakup targeted for late 2026 to create Global Taste Elevation plus North American Grocery.
Overview
- Mario Gabelli told CNBC he would be a buyer of Kraft Heinz in pieces, saying the split components could be worth as high as the mid‑$30s.
- Gabelli said GAMCO owns Kraft Heinz, has not added recently, and is debating buying more with a preference for the post‑split entities.
- Kraft Heinz plans to separate into Global Taste Elevation and North American Grocery through a tax‑free transaction with completion targeted in late 2026.
- Longleaf Partners’ Q2 2025 letter called Kraft Heinz a quarterly detractor but cited a shift toward premium brands like Heinz, Philadelphia and Ore‑Ida, and noted speculation that Berkshire Hathaway could trim its stake.
- Gabelli’s remarks and Longleaf’s views were amplified across consumer‑finance outlets, with Yahoo Finance republishing Insider Monkey’s coverage.