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.

Shares of Constellation Brands (STZ) fell more than 2% on Thursday as the Corona beer maker received another analyst downgrade, but retail sentiment stayed upbeat. On Thursday, Morgan Stanley downgraded Constellation Brands to ‘Equal Weight’ from ‘Overweight’ with a price target of $202,

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.

Shares of Constellation Brands (STZ) are up 7% on news that legendary investor Warren Buffett has opened a new position in the alcoholic drink

Constellation Brands ( NYSE: STZ) rallied on Monday after Warren Buffett's Berkshire Hathaway ( BRK.A) ( BRK.B) acquired a $1.24 billion stake in the company. This investment consists of 5.6 million shares of Constellation Brands, making Berkshire Hathaway the sixth-largest shareholder in the beverage conglomerate.

Warren Buffett's Berkshire Hathaway entered a new position in beer and spirits-maker Constellation Brands in the fourth quarter of 2024, while trimming several stakes and exiting Ulta Beauty.

Citi's lead beverages analyst Filippo Falorni views Berkshire Hathaway's investment as "a perfect example of value investing."