This Under-the-Radar Warren Buffett Stock Has Been One of His Best Performers
Warren Buffett is one of the most followed stock-pickers around, but he hasn't been doing much as of late. In its most recent filing, Buffett conglomerate Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) reported no consequential new stock picks last quarter among Berkshire's top 25 stocks. In fact, Buffett was a net seller.
However, Buffett and/or his lieutenants, Todd Combs and Ted Wechsler, did make a notable increase in one stock. Many peg this holding as a "boring," old-school company. Yet there's nothing boring about this stock's 49% rise in 2021, good for the second-best return among Berkshire's top 25 holdings.
While Buffett typically looks for beaten-down shares of bargain-priced companies, Berkshire still appears optimistic, adding 21% to its position in the second quarter, even as the stock rose. As it reports earnings this Friday, now may be a good time to look at this overlooked consumer staple.
Source Fool.com
