Kraft Heinz: 3G Capital sells shares at discount, stock down
(CercleFinance.com) - Late on Monday 3G Capital said that it has reduced its investment in Kraft Heinz by almost 10%.
In a US Securities and Exchange Commission filing, the Brazilian venture capital firm said that it now holds 245 million shares of the troubled food giant, worth about 7.2 billion dollars, after selling 25 million shares at a price of 28.4 dollars.
Note that Kraft Heinz shares closed at 29.6 dollars last night.
Unsurprisingly, Kraft Heinz's share price fell into line with the sale price this morning, falling 4.1% to 28.4 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
In a US Securities and Exchange Commission filing, the Brazilian venture capital firm said that it now holds 245 million shares of the troubled food giant, worth about 7.2 billion dollars, after selling 25 million shares at a price of 28.4 dollars.
Note that Kraft Heinz shares closed at 29.6 dollars last night.
Unsurprisingly, Kraft Heinz's share price fell into line with the sale price this morning, falling 4.1% to 28.4 dollars.
Copyright (c) 2019 CercleFinance.com. All rights reserved.