5 Best Dividend Stocks To Buy According To Warren Buffett

In this article, we discuss the 5 best dividend stocks to buy according to Warren Buffett. If you want to read our detailed analysis of Buffett’s hedge fund and his investment philosophy, go directly to read the 11 Best Dividend Stocks To Buy According To Warren Buffett.

5. The Kraft Heinz Company (NASDAQ:KHC)

Berkshire Hathaway’s Stake Value: $13,279,388,000
Percent of Berkshire Hathaway’s 13F Portfolio: 4.53%
Number of Hedge Fund Holders: 33
Dividend Yield: 4.35%

The Kraft Heinz Company (NASDAQ:KHC) is an American food company that holds over 200 iconic brands. The company stands fifth on our list of the best dividend stocks to buy according to Warren Buffett. 

In Q2 2021, Berkshire Hathaway did not make changes to its position in The Kraft Heinz Company (NASDAQ:KHC). The hedge fund holds over 325.6 million shares in the company, with a total value of over $13.2 billion. The company accounts for 4.53% of the fund’s 13F portfolio. Recently, The Kraft Heinz Company (NASDAQ:KHC) announced its acquisition of the Brazilian condiments company, Hemmer, through which the company would promote its taste elevation strategy. On August 4, The Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend of $0.40 per share, yielding 4.53%. The company has been growing its dividends for the past two years. 

This September, Morgan Stanley assumed coverage of The Kraft Heinz Company (NASDAQ:KHC) with an ‘Equal Weight’ rating and a $37 price target. Since the beginning of the year, the stock delivered a 7.45% return to shareholders, while its 12-month returns came in at 18.23%. 

As of Q2 2021, 33 hedge funds tracked by Insider Monkey have positions in The Kraft Heinz Company (NASDAQ:KHC), the same as in the previous quarter. These stakes are valued at $13.5 billion.