Kraft Heinz is actively exploring the sale of its Oscar Mayer division, a well-known brand in the hot dog, cold cuts, and bacon market. The company has engaged bankers to facilitate this potential transaction, which is expected to value Oscar Mayer between $3 billion and $5 billion. This strategic move comes as Kraft Heinz looks to streamline its operations and focus on core businesses. The news has sparked interest in the financial markets, with Kraft Heinz stock ($KHC) showing positive movement following the announcement.