5 Warren Buffett Stocks That Are On Sale Now

In this article, we will discuss the 5 Warren Buffett stocks that are on sale now. If you want to explore similar stocks, you can also take a look at 15 Warren Buffett Stocks That Are On Sale Now.

5. Diageo plc (NYSE:DEO)

Number of Hedge Fund Holders: 25
Year to date loss: 16%

Through its subsidiaries, Diageo plc (NYSE:DEO) engages in producing, marketing, and selling alcoholic beverages. It offers scotch, gin, vodka, rum, rake, liqueur, wine, tequila, Chinese white spirits, cachucha, brandy, and beer.

Buffett got involved with the company in the first quarter of 2023, acquiring 227,750 shares worth $41.3 million. The investment has turned out sour as the stock is down by about 16%, underperforming the S&P 500, which is up by about 15%.

Mr. Buffett’s investment firm owned a $39.51 million stake in Diageo plc (NYSE:DEO) during Q2 2023. During this year’s second quarter, 25 of the 910 hedge funds part of Insider Monkey’s research had held a stake in the company. Diageo plc (NYSE:DEO)’s biggest shareholder in our database is Tom Gayner’s Markel Gainer Asset Management, with a stake worth $234.23 million.

4. Bank of America Corporation (NYSE:BAC)

Number of Hedge Fund Holders: 90
Year to date loss: 20%

Bank of America Corporation (NYSE:BAC) is a company that provides banking, financial products, and services to individuals and small and medium-sized businesses. Its Consumer Banking segment offers regular and high-interest savings accounts.

Buffett first got involved with the company in 2017, acquiring 679 million shares at an average price of $24.27 a share. The legendary investor owned 1.03 billion shares in the company in the second quarter of 2023. Bank of America Corporation (NYSE:BAC)’s most significant shareholder is Berkshire Hathaway through its $29.63 billion investment.

Early this year, the legendary investor reiterated they are cautious about ownership of banks as the banking crisis escalated. The corners have been justified as the stock has underperformed and is down by about 20% year to date.

After digging through 910 hedge funds for their second quarter of 2023 shareholdings, Insider Monkey discovered that 90 had held a stake in the firm.

3. The Kraft Heinz Company (NASDAQ:KHC)

Number of Hedge Fund Holders: 39
Year to date loss: 21%

The Kraft Heinz Company (NASDAQ:KHC) and its subsidiaries manufacture and market food and beverage products. Its products include sauce, cheese, dairy products, meals, meats, and refreshment beverages.

Buffett first acquired stakes in the company in 2015 and increased the holdings a few months later at an average price of $75 a share. In 2019, the legendary investor would admit to having overpaid in the 2015 merger that created the company but had no plans to flee.

Berkshire Hathaway lost $4.31 billion in a single day in 2018 after the stock plunged into a slew of bad news, including a dividend cut and a government investigation. The stock has also been under pressure in 2023 and is down by about 21% year to date.

By the end of June 2023, 39 of the 910 hedge funds polled by Insider Monkey had bought The Kraft Heinz Company (NASDAQ:KHC)’s shares. After Berkshire, its largest shareholder is Brian Ashford-Russell and Jean-Marie Vuillard’s First Eagle Investment Management, with a $235.53 million stake in the firm.

2. Paramount Global (NASDAQ:PARA)

Number of Hedge Fund Holders: 39
Year to date loss: 36%

Paramount Global (NASDAQ:PARA) is a media and entertainment company that operates TV media, direct-to-consumer, and Filmed Entertainment segments. The company’s TV media segment operates domestic and international broadcast networks.

Buffett invested about $2.6 billion in the first quarter of 2022 for a stake of nearly 15%. The stock would be boosted after the billionaire investors upped his stake in the company to more than 91 million shares.

His investment has turned out to be a big disappointment as the stock dropped from about $19 a share when Buffett invested to about $12. The stock has also underperformed the market, down by about 36% year to date.

Mr. Buffett’s investment firm owned a $1.49 billion stake in Paramount Global (NASDAQ:PARA) during Q2 2023, making it the largest hedge fund investor. Including Berkshire, 39 of the 910 hedge funds part of Insider Monkey’s database had also invested in the firm during the same time period, compared to 34 funds in the previous quarter.

1. The Liberty SiriusXM Group (NASDAQ:LSXMA)

Number of Hedge Fund Holders: 43
Year to date loss: 40%

Through its subsidiaries, The Liberty SiriusXM Group (NASDAQ:LSXMA) offers various infotainment services through satellite radio systems and connected vehicle and data services.

Buffett first snapped 10 million shares in The Liberty SiriusXM Group (NASDAQ:LSXMA) in 2016 at an average price of $31 a share. Since then, the legendary investor has bought shares eleven more times and sold shares on one occasion. The most recent purchase was 5.35 million shares worth $267 million in the company in November of 2021 at an average price of $50 a share. The stock has been under pressure in 2023 and is done by about 40% year to date.

43 of the 910 hedge funds part of Insider Monkey’s Q2 2023 database had held a stake in The Liberty SiriusXM Group (NASDAQ:LSXMA). The firm’s largest shareholder is Warren Buffett’s Berkshire Hathaway since it owns a stake worth $1.41 billion.

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