Billionaire Mario Gabelli Says He's Thinking About Buying More Kraft Heinz (KHC) Shares

Mario Gabelli, GAMCO Investors chairman and CEO, said in a recent program on CNBC that he’d be a “buyer” of Kraft Heinz Co (NASDAQ:KHC) in pieces and he’s thinking of buying the stock. He was commenting on Kraft Heinz Co (NASDAQ:KHC)’s plan to split into two companies.

“Basically the split up pieces can be worth as high as in the mid30s. So you like the financial engineering? It’s not we don’t like or dislike. We’re just observing it. We own it. We didn’t buy any recently. We’re thinking about doing that. We’re having an internal challenge and debate with our teammates. So, we’ll probably be more of a buyer of the pieces,” Gabelli said.

Longleaf Partners Fund stated the following regarding The Kraft Heinz Company (NASDAQ:KHC) in its second quarter 2025 investor letter:

“The Kraft Heinz Company (NASDAQ:KHC) – Global food and beverage producer Kraft Heinz was a detractor for the quarter. Despite a sluggish food and beverage industry, the company’s performance is underpinned by a quality mix shift towards premium offerings like Heinz, Philadelphia and Ore-Ida, among other power brands, that we believe the market is overlooking. There is also speculation that large shareholder Berkshire Hathway is considering decreasing its position, although we believe this situation is more nuanced. Further upside could materialize from the outcome of an ongoing strategic alternatives exploration.”

While we acknowledge the potential of KHC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.