5 Best Food Stocks to Buy Now

2. Kraft Heinz Co (NASDAQ: KHC)

Kraft Heinz is one of the biggest food and beverage companies in North America, with annual revenue of $25 billion, as of 2019. According to a Nielsen report, Kraft’s sales posted better-than-expected results in the four-week period ending Dec. 12.  The company’s sales jumped over 10% in the period. In the third quarter, Kraft  reported a 6.3% increase in revenue, surpassing the Street’s forecast of 5.1%. Adjusted EBITDA in the quarter totaled $1.67 billion, versus $1.27 billion consensus.

Warren Buffett’s Berkshire Hathaway owns 325.63 million shares of Kraft, as of the end of the third quarter. The total worth of these shares is $9.75 million. Overall, 39 hedge funds held stakes in the company entering the fourth quarter.