Alcohol producer Constellation Brands secured a nod from the the Oracle of Omaha. A recent SEC filing disclosed Warren Buffett's Berkshire Hathaway (BRK-B) holds a 5.6 million share stake in Constellation Brands (STZ) as of the end of 2024.

Berkshire entered a new holding in Constellation Brands during the fourth quarter of 2024. Buffett's firm also trimmed its position in Bank of America.

Did Warren Buffett snub Bank of America? The Berkshire Hathaway CEO extolled several of the company’s largest equity holdings in his annual shareholder letter released Saturday and omitted a mention of Bank of America,

Constellation Brands (NYSE: STZ) seems like a classic Warren Buffett buy. It has well-known brands with staying power and solid long-term demand, and the recent panic selling of the stock is a great time for some opportunistic buying.

Even more impressive, though, is how Wall Street thinks Constellation will perform over the next 12 months. The average price target for the stock is $243.80. This reflects an upside potential of 43%.