In this article, we discuss the 5 companies to consider in the portfolio of Oprah Winfrey. If you want to read about some more companies in the portfolio of Oprah, go directly to Oprah Winfrey Stock Portfolio: 10 Companies To Consider.
5. The Kraft Heinz Company (NASDAQ:KHC)
Number of Hedge Fund Holders: 40
The Kraft Heinz Company (NASDAQ:KHC) manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. It is one of the best stocks to consider in the Oprah Winfrey stock portfolio. On October 25, Kraft Heinz Company and NotCo, a food tech startup, revealed the first products of their innovative partnership: animal-free cheese slices and mayonnaise. The cheese will be tested in 30 Cleveland, OH Stores. The new mayo is expected to be launched in 2023. Oprah had teamed up with the food company in 2017 to introduce a new line of healthy and nutritious products called the Oprah Winfrey line that included special soups, dishes, and other products.
On October 14, Morgan Stanley analyst Pamela Kaufman maintained an Equal Weight rating on The Kraft Heinz Company (NASDAQ:KHC) stock and lowered the price target to $37 from $41, noting that fundamentals in Q3 should look similar to Q2 with strong pricing-led organic sales growth and significant gross margin pressure for the firm.
Among the hedge funds being tracked by Insider Monkey, Omaha, Nebraska-based investment firm Berkshire Hathaway is a leading shareholder in The Kraft Heinz Company (NASDAQ:KHC) with 325.6 million shares worth more than $10.9 billion.
4. Warner Bros. Discovery, Inc. (NASDAQ:WBD)
Number of Hedge Fund Holders: 61
Warner Bros. Discovery, Inc. (NASDAQ:WBD) a media company, provides content across various distribution platforms. It is one of the top stocks to consider in the Oprah Winfrey stock portfolio. On October 24, Warner Bros. Discovery estimated that it will take on some $3.2 billion to $4.3 billion in pre-tax charges tied to restructuring its business. The company said that $1.3 billion to $1.6 billion of those charges are coming in its third quarter. The firm is on the list of companies to consider in the portfolio of Oprah Winfrey because it is reported that Oprah sold some of her stake in the Oprah Winfrey Network, a cable channel she owns, in late 2020 to Discovery in a deal rumored to be around $35 million that included stock options.
On October 11, Barclays analyst Kannan Venkateshwar maintained an Equal Weight rating on Warner Bros. Discovery, Inc. (NASDAQ:WBD) stock and lowered the price target to $15 from $17, noting that idiosyncratic variables result in widely varying Q3 trends across media companies as investor bias remains broadly negative.
At the end of the third quarter of 2022, 61 hedge funds in the database of Insider Monkey held stakes worth $1.6 billion in Warner Bros. Discovery, Inc. (NASDAQ:WBD), compared to 68 in the preceding quarter worth $2.3 billion.
In its Q2 2022 investor letter, Mayar Capital, an asset management firm, highlighted a few stocks and Warner Bros. Discovery, Inc. (NASDAQ:WBD) was one of them. Here is what the fund said:
“We sold the last of our shares in Warner Bros. Discovery, Inc. (NASDAQ:WBD) in early April. Luckily, we were able to sell the majority of our long-held holdings in the crazy run-up that accompanied the Archegos Capital debacle in early 2021. We did, however, rebuild a position in the stock when the stock went back down and this second go was disappointing.
We weren’t happy with the shift in strategy from the company’s core non-scripted and documentary content—where it commanded a leading position— into the wider media business it dived into with the Warner Media acquisition. We were also unhappy with the resulting increase in debt levels. It was time to take our money and walk away.”
3. Comcast Corporation (NASDAQ:CMCSA)
Number of Hedge Fund Holders: 73
Comcast Corporation (NASDAQ:CMCSA) operates as a media and technology company worldwide. It is one of the premier stocks to consider in the Oprah Winfrey stock portfolio. On November 2, Comcast Corporation and Charter Communications, a telecommunication and mass media company, named their streaming platform joint venture Xumo, reprocessing the name of Comcast’s free ad-supported streaming service into a bigger ecosystem. The firm is on the list of firms in the Oprah Winfrey stock portfolio since it purchased Oxygen Media for $925 million in 2017. Oxygen Media is a media project Oprah co-founded in 1998 that focused on content for women and children.
On October 28, Cowen analyst Gregory Williams maintained an Outperform rating on Comcast Corporation (NASDAQ:CMCSA) stock and lowered the price target to $49 from $51, noting that the company was focused on more durable growth strategies for Mobile Business Services.
Among the hedge funds being tracked by Insider Monkey, New York-based firm First Eagle Investment Management is a leading shareholder in Comcast Corporation (NASDAQ:CMCSA) with 31.6 million shares worth more than $928 million.
In its Q4 2021 investor letter, ClearBridge Investments, an asset management firm, highlighted a few stocks and Comcast Corporation (NASDAQ:CMCSA) was one of them. Here is what the fund said:
“Weakness among our holdings in the communication services sector was the other detractor to performance. Comcast Corporation (NASDAQ:CMCSA) was hurt by tepid subscriber growth in its broadband business but demonstrated strong growth in free cash flow, positioning the company for accelerated capital return going forward.”
2. Netflix, Inc. (NASDAQ:NFLX)
Number of Hedge Fund Holders: 115
Netflix, Inc. (NASDAQ:NFLX) provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages. On October 27, Netflix and Walmart revealed that they are expanding a previously online deal for streaming show merchandise to take it into brick-and-mortar stores nationwide. Both had created a digital storefront, The Netflix Hub, and are moving into more than 2,400 Walmart stores. Oprah has partnered with the streaming giant on several occasions and also owns her own production house, called Harpo Productions, that operates as a media and entertainment firm.
On October 25, Daiwa analyst Satoshi Tanaka upgraded Netflix, Inc. (NASDAQ:NFLX) stock to Outperform from Neutral with a price target of $330, up from $226.
Among the hedge funds being tracked by Insider Monkey, Chicago-based investment firm Citadel Investment Group is a leading shareholder in Netflix, Inc. (NASDAQ:NFLX) with 9.4 million shares worth more than $2.2 billion.
In its Q3 2022 investor letter, Ensemble Capital Management, an asset management firm, highlighted a few stocks and Netflix, Inc. (NASDAQ:NFLX) was one of them. Here is what the fund said:
“Netflix, Inc. (NASDAQ:NFLX) (+34.6%): After a punishing first half of the year when bearish investors came to believe that Netflix’s growth days were done for good, the company reported fewer subscriber losses than expected in the second quarter and guided for a return to at least modest subscriber growth in the third quarter. In addition, as more information about the company’s planned advertising-supported subscription tier has become available, investors began to express growing confidence in this tool to revitalize growth in 2023.”
1. Alphabet Inc. (NASDAQ:GOOG)
Number of Hedge Fund Holders: 156
Alphabet Inc. (NASDAQ:GOOG) provides various products and platforms such as Google Services, Google Cloud etc. It is one of the major stocks to consider in the Oprah Winfrey stock portfolio. On October 27, according to a report from TechCrunch, Google, a subsidiary of Alphabet, acquired Alter, an AI startup for approximately $100 million. On October 27, Google introduced a Blockchain Node Engine based on Google Cloud for Ethereum projects. The firm is on the list of stocks to consider the Oprah Winfrey stock portfolio since Oprah has contributed to a $1.7 million funding round for Waywire, a New York-based internet platform targeted at young people that features original content from members that users could watch and share for free. Google runs a similar service called YouTube.
On October 26, KeyBanc analyst Justin Patterson maintained an Overweight rating on Alphabet Inc. (NASDAQ:GOOG) stock and lowered the price target to $118 from $120, highlighting that the company’s Q3 net revenue was largely in line with expectations.
Among the hedge funds being tracked by Insider Monkey, London-based investment firm TCI Fund Management is a leading shareholder in Alphabet Inc. (NASDAQ:GOOG) with 52.4 million shares worth more than $5 billion.
In its Q2 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Alphabet Inc. (NASDAQ:GOOG) was one of them. Here is what the fund said:
“Alphabet Inc. (NASDAQ:GOOG) is the parent company of Google, the world’s largest search and online advertising company. Shares of Alphabet declined 21.6% in the quarter due to concerns about slower global growth impacting the company’s core advertising business. We retain conviction in Alphabet’s merits as it continues to benefit from growth in mobile and online video advertising, which accrues to its core assets of search, YouTube, and the Google ad network. We are further encouraged by Alphabet’s investments in Cloud, AI, and Autonomous Driving (through its Waymo subsidiary).”
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