Constellation Brands (NYSE: STZ) seems like a classic Warren Buffett buy. It has well-known brands with staying power and solid long-term demand, and the recent panic selling of the stock is a great time for some opportunistic buying.

Berkshire Hathaway has been building up its cash position to its highest-ever levels over the past two years, and that sends some clear messages about what Buffett's thinking about the market. Combined with his net sales of stocks, he seems to think there aren't so many great deals to be had in the market.

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Even more impressive, though, is how Wall Street thinks Constellation will perform over the next 12 months. The average price target for the stock is $243.80. This reflects an upside potential of 43%.

Sometimes I perk up when I realize I’ve published my newsletter every day for nearly a year, but then I remember Warren Buffett is currently riding a streak of six decades. With characteristic wit, wisdom and a measured candor,

Key Takeaways Warren Buffett on Saturday assured Berkshire Hathaway investors that despite the company's record cash pile and recent stock sales, "the great majority" of their money remained invested in equities.

The legendary investor is still a net seller of stocks, and here are all the moves he made in the fourth quarter.