Stock Groups

HP, Constellation Brands, CDK Global and more


At a conference in technology, a man walks past a Hewlett Packard exhibit

Jim Young | Reuters

Take a look at the top mid-day traders.

HP — Warren Buffett’s Berkshire Hathaway became the largest shareholderComputer hardware company. The shares were up 16.4% Berkshire Hathaway purchased nearly 121,000,000 shares or an approximately 11% stake, which is roughly $4.2 Billion based on Wednesday’s closing.

Lamb Weston Holdings — Shares soared 6.2% after the food processing company reported quarterly earnings. Lamb Weston reported a profit of 73c per share which beat consensus expectations of 44c. Analyst estimates were $969 million. It had revenues of $955 million.

Constellation Brands — The stock jumped 4.3% after the producer of beer, wine and spirits reportedA beat on earnings. Constellation posted earnings of $2.37 a share with revenues of $2.1 million. Analysts forecast earnings of $2.10 per Share and revenue of $2.1 billion. — News that founder Richard Liu stepped down from the CEO position sent shares down 4%. Chairman Liu will continue to serve. Xu Lei, the Company President will assume the role of CEO.

Levi Strauss — Shares fell nearly 5% despite Levi’s better-than-expected quarterly report. For a revenue of $1.59 million, jeans company Levi’s posted a quarterly profit at 46 cents per stock. On revenue of $1.55billion, analysts were expecting earnings of 42c per share. Levi claimed that sales were affected by supply chain issues in this latest period of $60 million.

Costco — The big-box retail chain jumped 3.2%, a day after it reportedThe March same-store sales were strong, rising 17.2% in five weeks to April 3.

CDK Global — Shares jumped 11.4% after the provider of automotive retail technology agreed to be acquired by Brookfield Business Partners in an $8.3 billion deal. CDK Global shareholders will receive $54.87 per share of cash. This is a 12.2% premium to Wednesday’s CDK closing price.

Ford — The automaker dropped 5.2% after Barclays downgraded FordEqual weight to overweight. Barclays stated in a note sent to clients that Ford won’t rebound due to the continuing shortage of semiconductors.

—CNBC’s Hannah Miao and Jesse Pound contributed reporting.