5 Warren Buffett Stocks That Are On Sale Now

3. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 39
Year to date loss: 21%

The Kraft Heinz Company (NASDAQ:KHC) and its subsidiaries manufacture and market food and beverage products. Its products include sauce, cheese, dairy products, meals, meats, and refreshment beverages.

Buffett first acquired stakes in the company in 2015 and increased the holdings a few months later at an average price of $75 a share. In 2019, the legendary investor would admit to having overpaid in the 2015 merger that created the company but had no plans to flee.

Berkshire Hathaway lost $4.31 billion in a single day in 2018 after the stock plunged into a slew of bad news, including a dividend cut and a government investigation. The stock has also been under pressure in 2023 and is down by about 21% year to date.

By the end of June 2023, 39 of the 910 hedge funds polled by Insider Monkey had bought The Kraft Heinz Company (NASDAQ:KHC)’s shares. After Berkshire, its largest shareholder is Brian Ashford-Russell and Jean-Marie Vuillard’s First Eagle Investment Management, with a $235.53 million stake in the firm.

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