MW Warren Buffett bought booze, pizza and pool stocks in the fourth quarter, while ditching Ulta Beauty
By Bill Peters
Constellation Brands shares jump after Berkshire Hathaway disclosed new stake in beer and wine maker during fourth quarter
Shares of Constellation Brands Inc. rallied after hours on Friday after Warren Buffett's Berkshire Hathaway revealed that it had taken a new stake in the beer and wine maker in the fourth quarter.
Shares of Constellation were up 6.3% in after-hours trading, after finishing 0.1% lower during the regular session.
In a filing, Berkshire Hathaway $(BRK.B)$ disclosed that it snapped up more than 5.6 million shares of Constellation $(STZ)$, known for beers like Corona and Modelo.
The filing also showed that Berkshire ratcheted up its stakes in Domino's Pizza Inc. $(DPZ)$ and in Pool Corp. $(POOL)$, a distributor of swimming-pool supplies. Shares of Domino's were up 1% after hours, while Pool Corp.'s stock was unchanged.
Meanwhile, Berkshire sold off its stake in beauty-products chain Ulta Beauty Inc. $(ULTA)$. Ulta shares slipped 0.9% after hours.
-Bill Peters
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(END) Dow Jones Newswires
February 14, 2025 16:37 ET (21:37 GMT)
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