Berkshire Hathaway has no immediate plans to sell its 28% stake in Kraft Heinz after the food company halted its planned split, CEO Greg Abel confirmed. The conglomerate had filed a registration statement in January signaling potential plans to divest, but Abel told CNBC that Berkshire is in no rush to act despite the disappointing investment.

Kraft Heinz CEO Steve Cahillane surprised investors last month by suspending the split plans and instead committing $600 million to product development and price reductions. The decision marks another setback for the packaged foods giant, whose stock has plummeted since the $46 billion merger orchestrated by Warren Buffett a decade ago. The company's struggles have weighed heavily on Berkshire's investment returns.

The split suspension was particularly disappointing for Berkshire, which had been positioning for an exit. Abel acknowledged Cahillane's pivot was "absolutely the right approach" but emphasized no immediate action is planned. The conglomerate remains patient with its underperforming investment while watching how Kraft Heinz's new strategy unfolds.