Summary: Warren Buffett's top dividend stocks are Coca-Cola, Kroger, and American Express. Analysis: Positive. Warren Buffett's focus on stable, high-quality companies makes these stocks appealing.

From Nasdaq: 2024-07-08 22:20:40

Warren Buffett’s Berkshire Hathaway portfolio is valued at around $400 billion, focusing on stable, high-quality companies. Three top dividend stocks in his portfolio are Coca-Cola (KO), The Kroger Co. (KR), and American Express Company (AXP). These companies offer consistent returns, strong fundamentals, and reliable dividend payouts. Investors should watch for potential pullbacks to buy at more attractive prices.

Coca-Cola (KO) is a global beverage giant with a market cap of $274.65 billion. The company reported a 1% increase in unit case volume and a 3% growth in net revenues in its latest earnings report. Analysts have a consensus “strong buy” rating on KO with a mean target price of $66.83.

Kroger (KR) is a major player in the American grocery industry with a market cap of $37.41 billion. The company recently hiked its dividend by 10% and reported adjusted EPS of $1.43 in its Q1 2024 earnings report. Analysts have a consensus “moderate buy” rating on KR with a mean target price of $57.47.

American Express (AXP) is a leader in payment services with a market cap of $169.49 billion. The company reported revenue growth of 11% and EPS growth of 39% in its Q1 2024 earnings report. Analysts have a consensus “moderate buy” rating on AXP with a mean target price of $230.36.



Read more at Nasdaq: 3 Warren Buffett Dividend Stocks to Buy on Every Dip