5 Best Food Stocks To Buy Now

4. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 33

The Kraft Heinz Company (NASDAQ:KHC) reported Q3 earnings on October 27 and posted an EPS of $0.65, beating the estimates by $0.07. The company’s revenue for the quarter stood at $6.32 billion, beating the consensus by $240 million. With a surprising 2% q/q growth in organic sales, The Kraft Heinz Company (NASDAQ:KHC) remains one of the best food stocks to buy now.

Recently, The Kraft Heinz Company (NASDAQ:KHC) announced a quarterly dividend of $0.40 per share. The stock’s dividend yield stands at 4.39%. The company’s dividend payout ratio stands at 55.56%. In September, Morgan Stanley resumed its coverage on The Kraft Heinz Company (NASDAQ:KHC) with an Equal Weight rating and a $37 price target.

At the end of Q2 2021, 33 hedge funds tracked by Insider Monkey reported owning stakes in The Kraft Heinz Company (NASDAQ:KHC), the same as in the previous quarter. These stakes are valued at over $13.5 billion. Warren Buffett’s Berkshire Hathaway is the largest shareholder of The Kraft Heinz Company (NASDAQ:KHC) in Q3, owning shares worth roughly $12 billion.