Each quarter, ‘s obligated to publish a document (known as a 13F filing) which shows the current investment holdings it has. Warren Buffett might be in his 90’s, but he’s still actively involved in decisions that relate to what the company buys and sells. The Q3 filing’s just out, with some interesting changes worth noting.
Fresh out the kitchen Let’s start with a new stock addition. The notable one was a $557m notional buy of ( ), equating to almost 1.28m shares.
I can understand why this might have ticked a lot of boxes for Buffett and his team over at Berkshire. Buffett’s famous for liking consumer staple businesses that have a strong track record over a long time. Domino’s was founded in 1960 by two brothers in Michigan.
It has expanded over the decades, but essentially is still tied to making a simple product (pizza) well. Buffett also likes . Even though I wouldn’t say Domino’s is very undervalued at the moment, it has lagged the broader market performance.
Over the past year, the stock’s up 15%, but not close to even 52-week highs. This compares to the 30% gain from the that’s made fresh highs on a regular basis this year. However, I’m not that interested in following suit and purchasing now.
I don’t see anything that exciting going on at the company. Q3 results showed revenue growth of 5.1% versus the same period last year, with net income down 0.
5%. This doesn’t strike me as a company that’s pushing ahead, or one that’s seeing an influ.