5 Best Long-Term Stocks To Buy According To Warren Buffett

In this article, we discuss 5 best long-term stocks to buy according to Warren Buffett. If you want to see more stocks in this selection, check out 10 Best Long-Term Stocks To Buy According To Warren Buffett. 

5. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 40

Berkshire’s Holding Period: 7 Years

Berkshire’s Stake Value: $13,256,593,441

The Kraft Heinz Company (NASDAQ:KHC) is a Pennsylvania-based manufacturer of food and beverage products in the United States, Canada, the United Kingdom, and internationally. Securities filings for Q4 2022 reveal that Warren Buffett owns 325.6 million shares of The Kraft Heinz Company (NASDAQ:KHC) worth $13.25 billion, representing 4.43% of the total 13F securities. Buffett has owned a position in the company consistently for the last 7 years. 

On February 15, The Kraft Heinz Company (NASDAQ:KHC) declared a quarterly dividend of $0.40 per share, in line with previous. The dividend is payable on March 31, to shareholders of record on March 10. 

Piper Sandler analyst Michael Lavery on February 13 raised the firm’s price target on The Kraft Heinz Company (NASDAQ:KHC) to $43 from $39 and maintained a Neutral rating on the shares. The analyst updated the model to reflect the company’s Q4 U.S. retail sales growth momentum.

According to Insider Monkey’s Q3 data, 40 hedge funds were bullish on The Kraft Heinz Company (NASDAQ:KHC), compared to 41 funds in the preceding quarter. Ken Griffin’s Citadel Investment Group is a significant position holder in the company, with 6.6 million shares worth $220.6 million.