5 Best Dividend Stocks to Buy According to Warren Buffett

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

5. The Kraft Heinz Company (NASDAQ:KHC)

Berkshire Hathaway’s Stake Value: $12,419,712,000
Dividend Yield as of October 17: 4.50%

The Kraft Heinz Company (NASDAQ:KHC) is one of America’s largest food companies that sells its products globally. Warren Buffett started investing in the company during the third quarter of 2015. In Q2 2022, the fund owned over 325.6 million KHC shares, valued at over $12.4 billion. The company represented 4.13% of Warren Buffett’s portfolio.

The Kraft Heinz Company (NASDAQ:KHC) has been offering dividends to shareholders even before the merger of Kraft and Heinz in 2015, which makes it one of the best dividend stocks on our list. It pays a quarterly dividend of $0.40 per share for a dividend yield of 4.50%, as recorded on October 17.

In October, Goldman Sachs upgraded The Kraft Heinz Company (NASDAQ:KHC) to Buy with a $443 price target. The firm mentioned that the company is structurally better positioned today with lower leveraged levels.

At the end of Q2 2022, 41 hedge funds tracked by Insider Monkey owned stakes in The Kraft Heinz Company (NASDAQ:KHC), worth over $13.6 billion. In the previous quarter, 35 hedge funds owned positions in the food company, with stakes valued at over $13.4 billion.