The Kraft Heinz Company (NASDAQ:KHC) is one of the 10 Best Long-Term Stocks to Buy Now According to Warren Buffett.
Food products firm The Kraft Heinz Company (NASDAQ:KHC)’s shares are down by 8.2% over the past year and by 2.8% year-to-date. Berkshire disclosed a stake in the firm in the third quarter of 2015. Back then, it held 325 million shares that were worth $22.9 billion. Or more precisely, Berkshire had disclosed holding 325,634,818 The Kraft Heinz Company (NASDAQ:KHC) shares back then. In perhaps the strongest example of Charlie Munger and Warren Buffett’s philosophy of buying and forgetting, the investment firm has held the exact number of shares since then. However, as the average price has dipped from $75.49 to $23.52, the latest stake is worth $7.3 billion.
The Kraft Heinz Company (NASDAQ:KHC) made a major announcement on June 18th when it announced that it would split its operating structure into three regions. It will combine Asia Emerging Markets and West and East Emerging Markets into one Emerging Markets Region in order to streamline business operations. The stock’s dividend yield is 6.75% as of June 28th.
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