John Reese of Validea.com wrote a recent post on what Warren Buffett would be purchasing now at current market prices. Here are some highlights of the article.

Falling In And Out Of Favor With Warren
If you're looking for some current "Buffett-type" individual stocks, scanning through Berkshire's holdings can of course offer some ideas, but it can also be problematic. One reason is that, while Buffett may have bought some of the firm's current holdings at good prices, they may now have risen to the point that they're still worth holding onto, but not worth buying new shares of.

Since last fall, my Warren Buffett-based guru strategy (a computer model I developed that mimics the approach Buffett used to build his fortune) has been high on Becton Dickinson (BDX). Now, it appears my model isn't alone. In Berkshire Hathaway's (BRK) recently filed second-quarter holdings statement, Buffett's firm revealed that it had taken an $85.6 million stake in the New Jersey-based medical technology firm.

My Buffett-based strategy doesn't always anticipate moves that Buffett himself will make. It's designed to emulate the quantitative aspects of the approach Buffett used to find winning stocks in the past.

Here are the five that my models think are the best Berkshire-owned bets:

Becton Dickinson (BDX): Becton makes a variety of medical equipment, ranging from drug injection systems to products used in Pap testing to technologies used in diagnosing infection. It has a market cap of almost $16 billion, and in the last year it has taken in more than $7 billion in sales.

Johnson & Johnson (JNJ): This pharmaceutical and health care giant makes a broad array of drugs and other health care products, including those sold under big brand names like Tylenol, Band-Aid and Neutrogena. Based in New Jersey, it has a $166 billion market cap and has taken in more than $61 billion in sales over the past 12
months.

Coca-Cola Company (KO): This Atlanta-based giant is one of the most recognizable companies in the world, and its 2,800-plus products include such big names as Sprite, Minute Maid, PowerAde, Nestea, Dasani, Fanta, and, of course, the cola that bears its name.

Sanofi-Aventis (SNY): Headquartered in Paris with operations in more than 100 countries, Sanofi makes a wide array of drugs, including Allegra (allergies), Ambien CR (a prescription sleeping aid), and Plavix (used to prevent blood clots). The $89 billion market cap firm has taken in more than $41 billion in sales in the past year.

Procter & Gamble Company (PG): Based in Cincinnati, P&G owns a number of well-known consumer product brands, including Pampers, Tide, Crest, Pantene, Bounty, Pringles, Charmin and Downy. The firm, which has operations in about 80 countries, has a market cap of more than $152 billion, and has taken in more than $79 billion in sales in the past year.

As always, do your own research before making any investments.

Disclosure: The Div Guy owns shares of BDX, JNJ and PG at the time of this post.