In an effort to unlock shareholder value, Kraft Heinz said late Tuesday it has been evaluating strategic transactions to “drive profitable long-term growth and value creation.”

While the company did not provide specifics as to what type of actions it is considering, it’s likely that it will complete the sale of its baby-food brand, Plasmon, and possibly a sale or divestiture of Boca Burger or Lunchables, both of which saw sales decline in the first quarter of 2025.

The company also said that two board members representing Berkshire Hathaway (BRK.B) (BRK.A) have stepped down, consistent with its other non-controlled investments. With the departure of Timothy Kenesey and Alicia Knapp, Kraft Heinz (NASDAQ:KHC) has reduced the size of its board to 10 members.

Mr. Kenesey’s and Ms. Knapp’s decisions are not the result of any disagreement with management or the Board related to the Company’s operations, policies or practices.

After spiking on the news, shares are unchanged in after-hours trading.