Constellation Brands jumps as Berkshire raises stake

Frank DeMatteo

Thu, May 15, 2025, 2:09 PM 1 min read

Investing.com -- Shares of Constellation Brands (NYSE:STZ) gained after-hours Thursday aft Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) disclosed it raised its involvement successful the brew maker.

As of 4:37 PM ET, the brew maker’s banal was up 2.5%.

The conglomerate showed it owned 12,009,000 shares arsenic of the extremity of March. This is much than treble the 5,624,324 shares held astatine the extremity of 2024.

Berkshire has been raising cash, truthful the determination to assistance its Constellation Brands involvement raises eyebrows. As of the extremity of the archetypal quarter, Berkshire’s currency heap has risen to $348 billion.

While Buffett’s sanction is inactive connected the filing, the banal prime whitethorn not beryllium his. Buffett announced astatine the company’s yearly gathering earlier this period that helium would beryllium stepping down arsenic Berkshire’s CEO astatine the extremity of 2025. Greg Able volition pb the institution aft that.

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