Warren Buffett’s Top 5 Dividend Stock Picks

In this article, we discuss top 10 dividend stocks to buy according to Warren Buffett. If you want to read our detailed analysis of Berkshire Hathaway’s performance and Buffett’s investment strategy, go directly to read Warren Buffett’s Top 10 Dividend Stock Picks. 

5. The Kraft Heinz Company (NASDAQ:KHC)

Berkshire Hathaway’s Stake Value: $10,859,921,000
Dividend Yield as of November 18: 4.22%

The Kraft Heinz Company (NASDAQ:KHC) is a Chicago-based multinational food company that operates over 20 brands. The company has been offering dividends to shareholders even before the merger of Kraft and Heinz in 2015. It currently pays a quarterly dividend of $0.40 per share and has a dividend yield of 4.22%, as of November 18.

BNP Paribas initiated its coverage of The Kraft Heinz Company (NASDAQ:KHC) in November with a Neutral rating and a $39 price target. The firm mentioned that US packaged food group has historically outperformed the wider market.

Berkshire started building its position in The Kraft Heinz Company (NASDAQ:KHC) during the third quarter of 2015, purchasing shares worth roughly $23 billion. During Q3 2022, the hedge fund did not change its position in the company and owned a $10.8 billion worth of KHC stake. The company represented 3.66% of Warren Buffett’s portfolio.

At the end of September 2022, 40 hedge funds tracked by Insider Monkey owned stakes in The Kraft Heinz Company (NASDAQ:KHC), compared with 41 in the previous quarter. These stakes are collectively worth over $11.8 billion.