.jpg)
This Top Warren Buffett Dividend Stock Is Trading at a 5-Year Low. Time to Buy?
As arguably the greatest investor of all time, Warren Buffett has made relatively few mistakes in his decades of investing. But Kraft Heinz (NASDAQ: KHC) was one of them. According to Buffett, Heinz overpaid for Kraft in 2015, which was a deal that Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) was involved with and mistakenly promoted.Kraft Heinz stock has lost two-thirds of its value over the last decade and now sits at five-year lows. However, Berkshire Hathaway continues to own about 27% of the company. This equates to about 3% of the value of Berkshire's stock portfolio, meaning it's still a top Buffett stock in spite of its poor performance.Image source: Getty Images.Continue reading
As arguably the greatest investor of all time, Warren Buffett has made relatively few mistakes in his decades of investing. But Kraft Heinz (NASDAQ: KHC) was one of them. According to Buffett, Heinz overpaid for Kraft in 2015, which was a deal that Buffett's Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) was involved with and mistakenly promoted.
Kraft Heinz stock has lost two-thirds of its value over the last decade and now sits at five-year lows. However, Berkshire Hathaway continues to own about 27% of the company. This equates to about 3% of the value of Berkshire's stock portfolio, meaning it's still a top Buffett stock in spite of its poor performance.
Image source: Getty Images.
