5 High Dividend Stocks Picked By Billionaire Gabelli

4. The Kraft Heinz Company (NASDAQ:KHC)

GAMCO Investors’ Stake Value: $4.57 million
Percentage of GAMCO Investors’ 13F Portfolio: 0.03%
Number of Hedge Fund Holders: 33
Dividend Yield: 4.32%

The Kraft Heinz Company (NASDAQ:KHC), more commonly known simply as Kraft Heinz, is one of the world’s leading food and beverage companies. The Illinoi-based company ranks fourth on our list of the 11 high dividend stocks picked by billionaire Mario Gabelli.

By the end of the second quarter of 2021, 33 hedge funds out of the 873 tracked by Insider Monkey held stakes in The Kraft Heinz Company (NASDAQ:KHC) worth roughly $13.57 billion. The number of hedge funds that held stakes within the company remained the same for the first and second quarter of 2021.

Mario Gabelli’s GAMCO Investors owns 112,233 shares in The Kraft Heinz Company (NASDAQ:KHC), valued at $4.57 million, making up 0.03% of the fund’s 13F portfolio.

On September 21, Morgan Stanley analyst Pamela Kaufman initiated coverage of The Kraft Heinz Company (NASDAQ:KHC) with an Equal Weight rating alongside a price target of $37 on its shares.