Topic: How To Invest

Q: Hi, Pat. A news article I read stated that Warren Buffett recently sold his entire stake in Restaurant Brands International. Does the sale change your outlook for this stock going forward? Thank you.

Article Excerpt

A: Warren Buffett’s Berkshire Hathaway Inc., $217.80, symbol BRK.B on New York, recently bought 20.9 million shares of Barrick Gold, $38.65, symbol ABX on Toronto (and a recommendation of Power Growth Investor) for $563.5 million U.S. Berkshire Hathaway is now the miner’s 11th-largest shareholder. At the same time, Buffett sold all of his shares in Restaurant Brands International, $55.80, symbol QSR on New York (and also a Power Growth Investor pick), the owner of fast-food restaurants Burger King, Tim Hortons, and Popeyes. Berkshire also dumped its holdings in investment banker Goldman Sachs, $202.48, symbol GS on New York; at the same time it reduced its holdings in banks J.P. Morgan Chase, $99.92, symbol JPM on New York (and a recommendation of our Wall Street Stock Forecaster newsletter) by 60% and in Wells Fargo, $23.97, symbol WFC on New York (and a recommendation of Wall Street Stock Forecaster) by 26%. Buffett also exited his common equity holdings in Occidental Petroleum, $11.06, symbol OXY…