Berkshire Hathaway Boosts Stake in Domino's with $550 Million Investment

Published 8 hours agoDPZ

Berkshire Hathaway Boosts Stake in Domino's with $550 Million Investment

Warren Buffett's Berkshire Hathaway has made a significant move by increasing its investment in Domino's Pizza. In the third quarter of 2024, Berkshire purchased approximately 1.3 million shares of Domino's, marking an investment valued at around $550 million. This move comes as part of a strategic shift to diversify Berkshire's portfolio, particularly moving away from its substantial investments in technology stocks like Apple.

The acquisition reflects Berkshire's evolving strategy, which saw the company reduce its Apple holdings by more than $75 billion in 2024, according to ainvest.com. News of the purchase had an immediate impact on the market, as Domino's stock surged by 6.9%, underscoring investor confidence in the pizza giant's growth potential. Furthermore, Domino's continues to show robust financial health with trailing-12-month sales nearing $19 billion from its global network of company-owned and franchised stores.

Berkshire's decision to invest in Domino's is seen as a vote of confidence in the sector's prospects, noted by ainvest.com. As Domino's expands its global market share and maintains profitability, this investment aligns with Buffett's historically keen eye for identifying growth opportunities in industries poised for long-term success.

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