5 Best Dividend Aristocrats with over 3% Yield

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1. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 33

Dividend Yield: 4.31%

The Kraft Heinz Company (NASDAQ:KHC), more commonly known simply as Kraft Heinz, is one of the world’s leading food and beverage companies. The Illinoi-based company ranks first on our list of the 11 best dividend aristocrats with over 3% yield.

By the end of the second quarter of 2021, 33 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Kraft Heinz Company (NASDAQ:KHC) worth roughly $13.57 billion. The number of hedge funds that held stakes within the company remained the same for the first and second quarter of 2021.

On September 21, Morgan Stanley analyst Pamela Kaufman initiated coverage of The Kraft Heinz Company (NASDAQ:KHC) with an Equal Weight rating alongside a price target of $37 on its shares.

On August 4, the company issued its quarterly earnings report for the second quarter of 2021, with earnings per share at $0.78, crossing market estimates by $0.06. Additionally, the revenue for the quarter came in at $6.62 billion, surpassing the predicted revenue by $65.74 million.

Out of the hedge funds being tracked by Insider Monkey, Warren Buffett’s Berkshire Hathaway is a leading shareholder in The Kraft Heinz Company (NASDAQ:KHC) with 325.6 million shares worth over $13.2 billion.

You can also take a look at 10 Best Undervalued Stocks to Buy Now According to Reddit and 10 Best Undervalued Dividend Stocks to Buy Now.

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