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Benzinga
Benzinga
Business
Eric McConnell

Is Warren Buffett About To Dump The Highest-Yielding Dividend Stock In Berkshire Hathaway's Portfolio?

Buffett Kraft Heinz Berkshire Berkshire Hathaway Heinz Kraft KHC
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Warren Buffett has affinity for dividend stocks, and Kraft Heinz (NASDAQ: KHC) is the highest-yielding dividend stock in his portfolio. Unfortunately for Buffett, Berkshire Hathaway (NYSE: BRK.A, BRK.B) took a $3.76 billion loss on its stake in Kraft Heinz in Q2. 

Could that lead to Buffett dumping Kraft Heinz entirely? Kraft merged with Heinz in 2015 to become one of America's largest food and beverage manufacturers. Both names are instantly recognizable all over the world for mayonnaise and ketchup. 

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