Filing Details
- Accession Number:
- 0001193125-20-038326
- Form Type:
- 13G Filing
- Publication Date:
- 2020-02-14 16:24:02
- Filed By:
- 3g Global Food Holdings Lp
- Company:
- Kraft Heinz Co (NASDAQ:KHC)
- Filing Date:
- 2020-02-14
- SEC Url:
- 13G Filing
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
---|---|---|---|---|---|---|
3G Global Food Holdings | 0 | 570,470,868 | 0 | 245,028,716 | 570,470,868 | 46.7% |
3G Global Food Holdings GP | 0 | 570,470,868 | 0 | 245,028,716 | 570,470,868 | 46.7% |
3G Capital Partners II | 0 | 570,470,868 | 0 | 245,028,716 | 570,470,868 | 46.7% |
3G Capital Partners Ltd | 0 | 570,470,868 | 0 | 245,028,716 | 570,470,868 | 46.7% |
3G Capital Partners | 0 | 570,470,868 | 0 | 245,028,716 | 570,470,868 | 46.7% |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
THE KRAFT HEINZ COMPANY
(Name of Issuer)
Common Stock
(Title of Class of Securities)
500754106
(CUSIP Number)
December 31, 2019
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
☐ | Rule 13d-1(b) |
☐ | Rule 13d-1(c) |
☒ | Rule 13d-1(d) |
* | The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. |
The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
CUSIP No. 500754106 | 13G |
1 | NAMES OF REPORTING PERSONS
3G Global Food Holdings LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☒ (b) ☐ | |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
570,470,868* | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
245,028,716* | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
570,470,868* | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
46.7%** | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN |
* | The reporting person may be deemed to have beneficial ownership of 245,028,716 shares of common stock, $0.01 par value, of the issuer (common stock) as a result of the relationships described under Part 1 of Exhibit A to this Schedule 13G/A and an additional 325,442,152 shares of common stock as a result of the relationships described under Part 2 of Exhibit A to this Schedule 13G/A. Neither the filing of this Schedule 13G/A nor any of its contents shall be deemed to constitute an admission by the reporting person that it is the beneficial owner of any such shares for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed. This Schedule 13G/A is being filed to reflect the sale of shares of common stock in September 2019, which did not include any shares of common stock related to the original interest of the partners of 3G Capital Partners in 3G Global Food Holdings LP (or, indirectly, The Kraft Heinz Company). |
** | Calculated based upon 1,221,160,646 shares of common stock outstanding as of October 26, 2019, as reported in the issuers Form 10-Q for the quarterly period ended September 28, 2019, as filed with the Securities and Exchange Commission (SEC). |
CUSIP No. 500754106 | 13G |
1 | NAMES OF REPORTING PERSONS
3G Global Food Holdings GP LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☒ (b) ☐ | |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
570,470,868* | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
245,028,716* | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
570,470,868* | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
46.7%** | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN |
* | The reporting person may be deemed to have beneficial ownership of 245,028,716 shares of common stock as a result of the relationships described under Part 1 of Exhibit A to this Schedule 13G/A and an additional 325,442,152 shares of common stock as a result of the relationships described under Part 2 of Exhibit A to this Schedule 13G/A. Neither the filing of this Schedule 13G/A nor any of its contents shall be deemed to constitute an admission by the reporting person that it is the beneficial owner of any such shares for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed. This Schedule 13G/A is being filed to reflect the sale of shares of common stock in September 2019, which did not include any shares of common stock related to the original interest of the partners of 3G Capital Partners in 3G Global Food Holdings LP (or, indirectly, The Kraft Heinz Company). |
** | Calculated based upon 1,221,160,646 shares of common stock outstanding as of October 26, 2019, as reported in the issuers Form 10-Q for the quarterly period ended September 28, 2019, as filed with the SEC. |
CUSIP No. 500754106 | 13G |
1 | NAMES OF REPORTING PERSONS
3G Capital Partners II LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☒ (b) ☐ | |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
570,470,868* | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
245,028,716* | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
570,470,868* | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
46.7%** | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN |
* | The reporting person may be deemed to have beneficial ownership of 245,028,716 shares of common stock as a result of the relationships described under Part 1 of Exhibit A to this Schedule 13G/A and an additional 325,442,152 shares of common stock as a result of the relationships described under Part 2 of Exhibit A to this Schedule 13G/A. Neither the filing of this Schedule 13G/A nor any of its contents shall be deemed to constitute an admission by the reporting person that it is the beneficial owner of any such shares for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed. This Schedule 13G/A is being filed to reflect the sale of shares of common stock in September 2019, which did not include any shares of common stock related to the original interest of the partners of 3G Capital Partners in 3G Global Food Holdings LP (or, indirectly, The Kraft Heinz Company). |
** | Calculated based upon 1,221,160,646 shares of common stock outstanding as of October 26, 2019, as reported in the issuers Form 10-Q for the quarterly period ended September 28, 2019, as filed with the SEC. |
CUSIP No. 500754106 | 13G |
1 | NAMES OF REPORTING PERSONS
3G Capital Partners Ltd. | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☒ (b) ☐ | |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
570,470,868* | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
245,028,716* | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
570,470,868* | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
46.7%** | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO |
* | The reporting person may be deemed to have beneficial ownership of 245,028,716 shares of common stock as a result of the relationships described under Part 1 of Exhibit A to this Schedule 13G/A and an additional 325,442,152 shares of common stock as a result of the relationships described under Part 2 of Exhibit A to this Schedule 13G/A. Neither the filing of this Schedule 13G/A nor any of its contents shall be deemed to constitute an admission by the reporting person that it is the beneficial owner of any such shares for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed. This Schedule 13G/A is being filed to reflect the sale of shares of common stock in September 2019, which did not include any shares of common stock related to the original interest of the partners of 3G Capital Partners in 3G Global Food Holdings LP (or, indirectly, The Kraft Heinz Company). |
** | Calculated based upon 1,221,160,646 shares of common stock outstanding as of October 26, 2019, as reported in the issuers Form 10-Q for the quarterly period ended September 28, 2019, as filed with the SEC. |
CUSIP No. 500754106 | 13G |
1 | NAMES OF REPORTING PERSONS
3G Capital Partners LP | |||||
2 | CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) ☒ (b) ☐ | |||||
3 | SEC USE ONLY
| |||||
4 | CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands | |||||
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH | 5 | SOLE VOTING POWER
0 | ||||
6 | SHARED VOTING POWER
570,470,868* | |||||
7 | SOLE DISPOSITIVE POWER
0 | |||||
8 | SHARED DISPOSITIVE POWER
245,028,716* | |||||
9 | AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
570,470,868* | |||||
10 | CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
☐ | |||||
11 | PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
46.7%** | |||||
12 | TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN |
* | The reporting person may be deemed to have beneficial ownership of 245,028,716 shares of common stock as a result of the relationships described under Part 1 of Exhibit A to this Schedule 13G/A and an additional 325,442,152 shares of common stock as a result of the relationships described under Part 2 of Exhibit A to this Schedule 13G/A. Neither the filing of this Schedule 13G/A nor any of its contents shall be deemed to constitute an admission by the reporting person that it is the beneficial owner of any such shares for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed. This Schedule 13G/A is being filed to reflect the sale of shares of common stock in September 2019, which did not include any shares of common stock related to the original interest of the partners of 3G Capital Partners in 3G Global Food Holdings LP (or, indirectly, The Kraft Heinz Company). |
** | Calculated based upon 1,221,160,646 shares of common stock outstanding as of October 26, 2019, as reported in the issuers Form 10-Q for the quarterly period ended September 28, 2019, as filed with the SEC. |
Item 1 (a). | Name of Issuer: |
The Kraft Heinz Company
Item 1 (b). | Address of Issuers Principal Executive Offices: |
One PPG Place
Pittsburgh, Pennsylvania 15222
Item 2 (a). | Name of Person Filing: |
Item 2 (b). | Address of Principal Business Office or, if none, Residence: |
Item 2 (c). | Citizenship: |
This Schedule 13G/A is being filed jointly on behalf of the following reporting persons: (i) 3G Global Food Holdings LP, a Cayman Islands limited partnership, (ii) 3G Global Food Holdings GP LP, a Cayman Islands limited partnership, (iii) 3G Capital Partners II LP, a Cayman Islands limited partnership, (iv) 3G Capital Partners Ltd., a Cayman Islands exempted company, and (v) 3G Capital Partners LP, a Cayman Islands limited partnership.
The address of the principal business office of the reporting persons is:
c/o 3G Capital Inc.
600 Third Avenue, 37th Floor
New York, NY 10016
The reporting persons have entered into a Joint Filing Agreement, dated February 14, 2020, pursuant to which the reporting persons have agreed to file this statement jointly in accordance with the provisions of Rule 13d-1(k)(1) under the Act.
Item 2 (d). | Title of Class of Securities: |
Common Stock
Item 2 (e). | CUSIP Number: |
500754106
Item 3. |
|
Not applicable.
Item 4. | Ownership. |
(a) | Amount beneficially owned: |
See the cover pages for each of the reporting persons.
(b) | Percent of class: |
See the cover pages for each of the reporting persons.
(c) | Number of shares as to which such person has: |
See the cover pages for each of the reporting persons.
(i) | sole power to vote or to direct the vote |
(ii) | shared power to vote or to direct the vote |
(iii) | sole power to dispose or to direct the disposition of |
(iv) | shared power to dispose or to direct the disposition of |
See the cover pages for each of the reporting persons.
Item 5. | Ownership of Five Percent or Less of a Class. |
Not applicable.
Item 6. | Ownership of More than Five Percent on Behalf of Another Person. |
Not applicable.
Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
Not applicable.
Item 8. | Identification and Classification of Members of the Group. |
See Exhibit A.
Item 9. | Notice of Dissolution of Group. |
Not applicable.
Item 10. | Certification. |
Not applicable.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: February 14, 2020
3G GLOBAL FOOD HOLDINGS LP | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director | |||
3G GLOBAL FOOD HOLDINGS GP LP | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director | |||
3G CAPITAL PARTNERS II LP | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director | |||
3G CAPITAL PARTNERS LTD. | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director | |||
3G CAPITAL PARTNERS LP | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director |
EXHIBIT A
As a result of the relationships described in this Exhibit A, 3G Global Food Holdings LP, 3G Global Food Holdings GP LP, 3G Capital Partners II LP, 3G Capital Partners Ltd., 3G Capital Partners LP, Berkshire Hathaway Inc. and Warren E. Buffett may be deemed to be a group for purposes of Section 13(d) of the Act. As of December 31, 2019, the foregoing persons collectively owned 570,470,868 shares of common stock.
Part 1
As of December 31, 2019, 3G Global Food Holdings LP was the holder of record of 245,028,716 shares of common stock. As a result, 3G Global Food Holdings GP LP, as the general partner of 3G Global Food Holdings LP, 3G Capital Partners II LP, as the general partner of 3G Global Food Holdings GP LP, 3G Capital Partners Ltd., as the general partner of 3G Capital Partners II LP, and 3G Capital Partners LP, as the investment manager of 3G Global Food Holdings LP, may be deemed to have voting and/or dispositive power with respect to such shares. Each of 3G Global Food Holdings LP, 3G Global Food Holdings GP LP, 3G Capital Partners II LP, 3G Capital Partners Ltd. and 3G Capital Partners LP disclaim beneficial ownership of such shares and this Schedule 13G/A shall not be deemed an admission that any such reporting person is the beneficial owner of such shares for purposes of the Act or for any other purpose, and such beneficial ownership is expressly disclaimed.
Part 2
3G Global Food Holdings LP and Berkshire Hathaway Inc. are parties to a Shareholders Agreement, dated as of July 2, 2015 (the Shareholders Agreement), that governs how the parties and their affiliates vote the shares of common stock held by them as of July 2, 2015 with respect to supporting director nominees that are designated by Berkshire Hathaway Inc. or 3G Global Food Holdings LP, respectively.
Pursuant to the Shareholders Agreement, 3G Global Food Holdings LP has agreed that for so long as Berkshire Hathaway Inc. and its affiliates control shares of common stock representing at least 66% of the voting power in election of directors of the shares of common stock owned by it as of July 2, 2015, 3G Global Food Holdings LP and its affiliates will vote the shares of common stock in favor of three issuer board nominees designated by Berkshire Hathaway Inc. and not take any action to remove such designees without Berkshire Hathaway Inc.s consent.
Similarly, Berkshire Hathaway Inc. has agreed that for so long as 3G Global Food Holdings LP and its affiliates control shares representing at least 66% of the voting power in election of directors of the shares of common stock owned by them as of July 2, 2015, Berkshire Hathaway Inc. and its affiliates will vote the shares of common stock in favor of three issuer board nominees designated by 3G Global Food Holdings LP and not take any action to remove such designees without 3G Global Food Holdings LPs consent.
The Shareholders Agreement provides that the foregoing support obligations of each party will step down as a result of a reduction in control of shares of the issuer by the other party below the applicable 66% threshold described above.
EXHIBIT B
JOINT FILING AGREEMENT PURSUANT TO RULE 13d-1(k)(1)
The undersigned hereby agree as follows:
(i) | Each of them is individually eligible to use the Schedule 13G to which this Exhibit is attached, and such Schedule 13G is filed on behalf of each of them; and |
(ii) | Each of them is responsible for the timely filing of such Schedule 13G and any amendments thereto, and for the completeness and accuracy of the information concerning such person contained therein; but none of them is responsible for the completeness or accuracy of the information concerning the other persons making the filing, unless such person knows or has reason to believe that such information is inaccurate. |
Date: February 14, 2020
3G GLOBAL FOOD HOLDINGS LP | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director | |||
3G GLOBAL FOOD HOLDINGS GP LP | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director | |||
3G CAPITAL PARTNERS II LP | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director | |||
3G CAPITAL PARTNERS LTD. | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director | |||
3G CAPITAL PARTNERS LP | ||||
By: | /s/ Bernardo Piquet | |||
Name: | Bernardo Piquet | |||
Title: | Director |