Warren Buffett’s Berkshire Hathaway has taken a new stake in Constellation Brands Inc., the parent company of Corona beer and other beverage brands. This move is seen as a positive development for the stock, which saw significant gains after hours on Friday.
Contrary to this trend, shares of Ulta Beauty fell as Berkshire Hathaway sold its stake in the beauty retailer during the fourth quarter.
Source: https://www.marketwatch.com/story/warren-buffet-bought-booze-pizza-and-pool-stocks-in-the-fourth-quarter-while-ditching-ulta-beauty-12b631f6