5 Dividend Stocks Warren Buffett is Backing in 2022

2. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 39

Dividend Yield: 4.1%

The Kraft Heinz Company (NASDAQ:KHC), also known as Kraft Heinz, is a US-based food company operating internationally. The company was formed by merging Kraft Foods and Heinz. Making up about 3.53% of Buffett’s investment portfolio according to Berkshire Hathaway’s latest 13F holdings, it is among the dividend stocks Warren Buffett is backing in 2022.

Stifel’s Cristopher Growe has a Hold rating on The Kraft Heinz Company (NASDAQ:KHC) shares as of this February.

The company’s fiscal fourth quarter of 2021 EPS was $0.79, beating estimates by $0.16. The Kraft Heinz Company (NASDAQ:KHC) also beat revenue estimates by $64.4 million, with its $6.7 billion revenue. The stock has gained 2.4% in the past six months and 2.9% year to date as well.

Our hedge fund data shows 39 hedge funds holding stakes in The Kraft Heinz Company (NASDAQ:KHC) in the fourth quarter. Their total stake value was $12.2 billion.