Greg Abel-Led Berkshire Hathaway Owns 3 Consumer Stocks. Here's the One I'd Buy First.
Key PointsGreg Abel pruned a bunch of the smaller consumer goods positions that Warren Buffett acquired while he was in charge.
Greg Abel, CEO of Berkshire Hathaway, is maintaining a focus on consumer staples in the conglomerate's portfolio. The largest holding in this sector is Coca-Cola, worth $34 billion. Kraft Heinz, a struggling company, is another major investment, although it has faced challenges. A lesser-known stock in this group is Kroger, which has garnered Abel's attention.
Among the three consumer stocks, Kroger is the one that stands out for potential investment at the moment. However, this preference may change as market conditions evolve. Coca-Cola, while still a strong performer, has become more expensive due to a significant price increase since its October low. Kraft Heinz is facing additional obstacles with its announced plans to split into smaller units.
At present, Kroger is seen as the most attractive option, primarily because of its recent price drop following its March peak.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
