3G Capital — a Brazilian private equity firm — reduced its stake in the company by 9%. 3G remains the company's second-largest shareholder.
3G partnered with
But the maker of Heinz ketchup, Jell-O and Velveeta cheese has struggled with competition from store brands and consumers' migration to healthier, less-processed foods. Berkshire chief
Earlier this year, the company slashed the value of its