标志性品牌帝国或解体！卡夫亨氏(KHC.US)拟分拆求生，巴菲特现罕见“滑铁卢”

智通财经2025-07-15

智通财经APP获悉，2015年，沃伦·巴菲特支持创立卡夫亨氏公司(KHC.US)时，曾高调宣称这是一次“将标志性品牌汇聚一堂”的机遇。然而十年后，这家公司却计划拆分旗下诸多品牌，这对这位知名投资者而言，堪称一次罕见的失利。自巴菲特旗下的伯克希尔·哈撒韦公司与私募股权公司3G资本联手合并这两家消费品企业以来，卡夫亨氏的股价已下跌逾60%，而同期整体股市却大幅上涨。伯克希尔持有的约27%股份，其市值较...

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href=http://www.zhitongcaijing.com/content/detail/1317727.html><strong>智通财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，2015年，沃伦·巴菲特支持创立卡夫亨氏公司(KHC.US)时，曾高调宣称这是一次“将标志性品牌汇聚一堂”的机遇。然而十年后，这家公司却计划拆分旗下诸多品牌，这对这位知名投资者而言，堪称一次罕见的失利。自巴菲特旗下的伯克希尔·哈撒韦公司与私募股权公司3G资本联手合并这两家消费品企业以来，卡夫亨氏的股价已下跌逾60%，而同期整体股市却大幅上涨。伯克希尔持有的约27%股份，其市值较...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1317727.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0985481810.HKD","symbol_name":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC 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Kraft Heinz (KHC.US) plans to spin off to survive, Buffett now has a rare \"Waterloo\"","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BRK.A":1,"KHC":1},"content_text":"智通财经APP获悉，2015年，沃伦·巴菲特支持创立卡夫亨氏公司(KHC.US)时，曾高调宣称这是一次“将标志性品牌汇聚一堂”的机遇。然而十年后，这家公司却计划拆分旗下诸多品牌，这对这位知名投资者而言，堪称一次罕见的失利。自巴菲特旗下的伯克希尔·哈撒韦公司与私募股权公司3G资本联手合并这两家消费品企业以来，卡夫亨氏的股价已下跌逾60%，而同期整体股市却大幅上涨。伯克希尔持有的约27%股份，其市值较账面价值缩水约45亿美元，若此时离场，损失还将进一步扩大。对于94岁的巴菲特而言，这笔交易算是一次少有的失手。他将于今年年底卸任伯克希尔首席执行官，为长达60年的职业生涯画上句号——在这段时间里，他凭借投资众多家喻户晓的品牌赚得盆满钵满。尽管稳定的股息收入，以及在亨氏与卡夫合并前两年收购亨氏所获得的收益，让伯克希尔整体仍处于盈利状态，但如果将这笔普通股投资转而投向整体股市，该集团本可多赚近100亿美元。彭博行业研究高级分析师马修·帕拉佐拉表示：“或许他没预料到市场会转向更健康的选择。卡夫亨氏在加工食品领域举足轻重，而巴菲特本人的饮食习惯向来不算健康，或许因此没能预见这一趋势。”伯克希尔·哈撒韦的代表未回应置评请求。卡夫亨氏旗下拥有Oscar Mayer、Kraft Mac & Cheese等一众家喻户晓的品牌，但近年来受到通胀以及包装食品需求下滑的冲击，这在一定程度上是由减肥药物的普及推动的。根据此前报道，该公司目前正考虑分拆业务，将旗下一大部分业务剥离出来，成立新实体。巴菲特早已承认，对卡夫的投资并非最佳选择。2019年，当卡夫亨氏对部分知名品牌计提154亿美元减值时，这位伯克希尔首席执行官坦言，公司在收购卡夫时出价过高。不过，伯克希尔通过亨氏优先股的股息以及2016年赎回这些股份，赚得数十亿美元，从而实现了盈利。其对卡夫亨氏普通股的投资也带来了超过60亿美元的股息收入。近年来，伯克希尔已逐渐减持卡夫亨氏。今年早些时候，卡夫亨氏称，两名与伯克希尔相关的董事会成员将离职，并表示这并非因与管理层或董事会在公司运营、政策或实践方面存在分歧。目前，伯克希尔仍持有该公司大量股份。如果分拆能提振这家食品企业的回报，巴菲特或将获得更多收益。在分拆消息传出前，截至周四收盘，卡夫亨氏的股价已上涨近5%。CFRA研究公司分析师凯茜·塞弗特称：“分拆将改善这笔投资的表现。坦白说，它此前的表现一直不算理想。”","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"-1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"isLaohu8Offline":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.44.1","shortVersion":"4.44.1","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2551513459","isCrawlerRequest":true}