Warren Buffett Buys $1.2 Billion Worth of Stock in Firm That Brews Beer

Ace capitalist Warren Buffett bought $1.2 cardinal worthy of shares successful Constellation Brands (STZ), which brews brew for Corona and Modelo Especial. His concern limb Berkshire Hathaway took an introduction presumption successful STZ aft buying 5.6 cardinal shares, the caller SEC filings show.

Constellation Brands shares closed Friday’s trading doorbell astatine the $162 mark. The banal has been connected a diminution for a twelvemonth and has fallen adjacent to 35%. In the year-to-date alone, STZ has dipped astir 27% and is attracting bearish sentiments. Warren Buffett’s concern successful the banal indicates that the billionaire is bottommost sportfishing successful STZ.

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What Other Stocks Did Warren Buffett Buy?

Source: Reuters

Apart from buying Constellation Brands banal worthy $1.5 billion, helium accumulated Occidental Petroleum (OXY) and holds a staggering $13.05 billion. Warren Buffett owns 264.2 cardinal OXY shares and continues being bullish successful the lipid and state sector. Talking astir the vigor sector, the billionaire holds the largest involvement successful the lipid and state steadfast Chevron (CVX).

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Berkshire Hathaway holds 207 cardinal shares of Chevron successful 2025 taking a involvement of 6.74% successful the company. He archetypal entered CVX erstwhile it was trading astatine the terms scope of $66 successful Q4 of 2024. Chevron is present trading astatine the $155 people making Warren Buffett gain billions successful profits successful implicit 5 years.

The lipid and state assemblage could acquisition a monolithic surge if Trump puts his ‘drill babe drill’ argumentation to work. Read present to cognize the apical 3 US stocks that could payment from the policy. If it goes into policy, the bulk of vigor stocks could surge and Warren Buffett could gain billions successful profits.

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Also, Berkshire Hathaway has 12 cardinal shares of outer vigor supplier Sirius XM (SIRI) worthy $325 million. Warren Buffett besides picked up 1.1 cardinal much shares of Domino’s Pizza (DPZ), worthy $470 million.