16 May 2008 – Berkshire Hathaway Inc., Warren Buffet's investment company, reported that it raised its stake in Kraft Foods Inc., from 132.4 million shares to 138.8 million.
Berkshire also owns stakes in Coca-Cola Co., Wal-Mart and Anheuser-Busch Co.
Shares in food maker Kraft closed up 0.69% at $31.93 following the announcement by Berkshire.