Berkshire added to its position in Occidental Petroleum in the fourth quarter, boosting its stake to 28.8%. Occidental Petroleum is an exploration and production (E&P) company, with concentrated acreage in the Permian Basin of west Texas and eastern New Mexico. The company also has a chemical business and a growing carbon-capture arm.
Warren Buffett is famous for backing strong consumer stocks like Coca-Cola (NYSE KO), but his latest investment indicates he may be on the verge of becoming a beer baron. Public filings show Buffett’s Berkshire Hathaway (NYSE BRK.
Berkshire Hathaway purchased 5.6 million shares in Constellation Brands.
Constellation Brands and Diageo are major players, but Warren Buffett chose STZ over DEO. See why STZ stock could be a more attractive investment than DEO stock.
Warren Buffett's Berkshire Hathaway acquired a $1.24 billion stake in alcoholic beverage producer Constellation Brands. Check out the analysis of STZ stock here.
Detailed price information for Constellation Brands Inc (STZ-N) from The Globe and Mail including charting and trades.