Meet the Stock Warren Buffett Purchased for 6 Consecutive Quarters Leading Up to His Retirement (No, It's Not Shares of Berkshire Hathaway)

Core Insights - Domino's Pizza has experienced a remarkable increase of over 6,000% since its IPO in July 2004, including dividends, making it a significant investment for Berkshire Hathaway [8] Investment Activity - In the last quarter of Warren Buffett's tenure as CEO of Berkshire Hathaway, the company purchased shares of Domino's Pizza for the sixth consecutive quarter, accumulating a 9.9% stake in the company [5][14] - The number of shares purchased over the last six quarters includes 1,277,256 in Q3 2024, 1,104,744 in Q4 2024, 238,613 in Q1 2025, 13,255 in Q2 2025, 348,077 in Q3 2025, and 368,055 in Q4 2025, totaling 3,350,000 shares held [6] Company Strengths - Domino's Pizza has built consumer trust through transparent marketing, notably with a campaign in the late 2000s that acknowledged past shortcomings and committed to improvement [9] - The management team has a history of exceeding growth expectations, with a new five-year plan called "Hungry for MORE" that incorporates artificial intelligence to enhance operations and brand value [10] - The company has a strong commitment to shareholder value, regularly repurchasing stock and increasing its annual dividend for over a decade [12] Valuation Metrics - Domino's Pizza's forward price-to-earnings (P/E) ratio has decreased to 19, representing a 29% discount compared to its average forward P/E over the past five years, indicating a favorable valuation for potential investors [13]