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For instance, hes well known for touting such companies as Coca-Cola and McDonalds.
The stock was down 48% in 2024, resulting in only three analysts giving it a buy rating.
That brought his position up to approximately $119 million as of March, according toInvestors Business Daily.
Here are four possibilities.
Also, heres somesimple investing advice from Buffett that beginner investors can follow.
For a consumer stock, thats priced low, even with its projected drop in revenue.
Buffett could be seeing that as attractively undervalued.
A Healthy Dividend
Buffett also likes dividends, and Sirius XM has a generous one.
As of the middle of March, the company paid a 4.66% annual dividend yield.
Thats about $5.5 million in the bank.
He could see that as a sign of future health and profitability.
This could give Buffett faith in the future of the company.
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