Growth Stock Portfolio: 5 Stock Picks By Warren Buffett

2. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 41

P/E Ratio as of November 9: 38.88

The Kraft Heinz Company (NASDAQ:KHC) is a New York-based company that manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. On October 26, The Kraft Heinz Company (NASDAQ:KHC) declared a quarterly dividend of $0.40 per share, in line with previous. The dividend is payable on December 30, to shareholders of record on November 25. The forward yield was 4.32%. The company continues to expect robust financial performance for 2022 and reaffirmed 2022 organic net sales growth of a high single-digit percentage increase versus the same period last year.

Securities filings for the second quarter of 2022 reveal that Warren Buffett owns 325.6 million shares of The Kraft Heinz Company (NASDAQ:KHC), worth $12.4 billion and representing 4.13% of the total securities.

On October 14, Morgan Stanley analyst Pamela Kaufman maintained an Equal Weight rating on The Kraft Heinz Company (NASDAQ:KHC) but lowered the firm’s price target on the shares to $37 from $41.

According to Insider Monkey’s data, 41 hedge funds were bullish on The Kraft Heinz Company (NASDAQ:KHC) at the end of Q2 2022, compared to 35 funds in the last quarter. Jean-Marie Eveillard’s First Eagle Investment Management is a significant position holder in the company, with 6.5 million shares worth $249 million. 

Follow Kraft Heinz Co (NASDAQ:KHC)