Reported 1 day ago
Warren Buffett's Berkshire Hathaway has significantly increased its investment in Constellation Brands, Inc., raising its stake from 5.6 million shares to approximately 12 million, valued at $2.2 billion. This move reflects Buffett's confidence in the company, particularly in light of the growing popularity of its beer brands, such as Corona and Modelo. Following this development, the share price of Constellation Brands surged by over 4.5% in two days.
Source: YAHOO