Warren Buffett’s Latest Portfolio: 5 Undervalued Stock Picks

3. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 35

1-Year Forward P/E Ratio: 14.51x

Warren Buffett’s Berkshire Hathaway’s Holdings: $12,419,712,000

Percentage of Warren Buffett’s Berkshire Hathaway’s Portfolio: 4.13%

The Kraft Heinz Company (NASDAQ:KHC) is a Chicago, Illinois-based food and beverage company. The entity is the third-biggest in the U.S. food and beverage segment and the fifth-biggest player in the industry globally.

On July 28, Christopher Growe at Stifel upgraded The Kraft Heinz Company (NASDAQ:KHC) stock from ‘Hold’ to ‘Buy’ along with a target price of $43. The analyst suggests accumulating The Kraft Heinz Company (NASDAQ:KHC) stock, as there is a disconnect between the stock price and the company’s strong and improving business fundamentals. Growe believes that the company has pricing control due to inelastic demand for its products. The analyst expects some relief in input prices and the growth of international sales to take the company forward. According to Growe, The Kraft Heinz Company (NASDAQ:KHC) stock is trading at a discount of 15% compared to its peers.

The Kraft Heinz Company (NASDAQ:KHC) was held by 35 hedge funds at the end of Q2 2022.