Warren Buffett, a super-smart investor, just bought a big chunk of Constellation Brands! This company makes popular beers like Modelo and Corona. It's a big deal because it shows Buffett thinks the beer company will do well even though its stock price went down.
- Buffett spent $1.24 billion on Constellation stock.
- Constellation's beers are very popular in the US.
- Buffett believes Constellation is a good value and will become more successful.
Fact | Number |
---|---|
Amount Buffett invested | $1.24 Billion |
Constellation's share of Berkshire Hathaway's portfolio | 0.5% |
Constellation's stock decrease this year | >25% |