Berkshire Hathaway Inc. (BRK.A), The Coca-Cola Company (KO): Five Stocks Warren Buffett and Insiders Are Bullish About

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M&T Bank Corporation (NYSE:MTB) carries trailing and forward P/Es of 13 and 12, respectively, though its tougher to call it a value stock if we look at its book value (the P/B ratio is 1.4) and many large banks are trading at similar or lower earnings multiples. Business has been strong at M&T Bank Corporation (NYSE:MTB), however, and it might be a good idea to watch it for another quarter or so.

Buffett increased his holdings of National-Oilwell Varco, Inc. (NYSE:NOV) by 41% between January and March, and a Board member at the company bought a little over 1,100 shares at the end of April. At a market capitalization of $29 billion, the oilfield equipment and services company is valued at 12 times its trailing earnings. The sell-side is looking for strong growth here over the next several years, and as a result its five-year PEG ratio is 0.8. We’d note that the industry in general has similar valuations and growth expectations, so National-Oilwell Varco, Inc. (NYSE:NOV) should be compared with its peers before buying.

Berkshire Hathaway Inc. (NYSE:BRK.A)’s 13F shows that it was cutting its stake in Mondelez International Inc (NASDAQ:MDLZ) during the quarter, but still closed March with 7.1 million shares in its portfolio. The global snack foods company, formed from the breakup of Kraft, also saw an insider purchase within the last three months. Thanks in part to Buffett’s own purchase of Heinz (as well as the interest in defensive names which we mentioned earlier), food stocks have been getting significant interest in general; in addition, it has been speculated that Mondelez International Inc (NASDAQ:MDLZ) in particular may merge with Pepsico. The stock currently trades at 18 times forward earnings estimates.

Disclosure: I own no shares of any stocks mentioned in this article.

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