Food Giant With Big Buffett Stake Stirred Into Dow 30 Index
By: Alex Crippen | Executive Producer
Morry Gash
Boxes of Kraft Macaroni and Cheese are seen Wednesday, April 19, 2006, in Milwaukee. Kraft Foods Inc. releases first-quarter earnings after the bell. (AP Photo/Morry Gash)
Kraft Foods is going into the Dow Jones Industrial Average this coming Monday to replace AIG , the insurer that's been taken over by the federal government.
Warren Buffett's Berkshire Hathaway is Kraft's biggest stakeholder with about 138 million shares, worth over $4 billion. That's a stake of over 9 percent. (See our Berkshire Hathaway Portfolio Tracker for real-time updates.)
Berkshire revealed the stake earlier this year, after accumulating shares during 2007.
Current Berkshire stock prices:
Class A:
Class B:
Questions? Comments? Email me at buffettwatch@cnbc.com
Kraft Foods is going into the Dow Jones Industrial Average this coming Monday to replace AIG, the insurer that's been taken over by the federal government. Warren Buffett's Berkshire Hathaway is Kraft's biggest stakeholder with about 138 million shares, worth over $4 billion. That's a stake of over 9 percent.
