Consumer foods giant Kraft Heinz (KHC) has taken quite a hit in the wake of its earnings announcement Thursday after the bell, which included news that the company was writing off $15.4 billion of the value of its brands and is facing a Securities and Exchange Commission investigation of its accounting policies and controls. The stock was down 27.27% at $35.04 at 12:45 p.m. ET Friday, not far from its session low of $34.51.
Warren Buffett’s Berkshire Hathaway, which had a 26.71% stake in Kraft Heinz at the end of 2018, looks like the biggest loser. But which mutual funds and ETFs are likely to feel the pain from the packaged food company’s sell-off? Click through to see a list from Morningstar Inc. of the 10 funds with the biggest stakes in the company.