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Warren Buffett's Berkshire Hathaway again cuts stakes in Kraft Foods, Mondelez

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(Globalpost/GlobalPost)

NEW YORK, N.Y. - Warren Buffett's Berkshire Hathaway again cut its stakes in Kraft Foods and Mondelez International, the packaged food companies that split up late last year.

As of June 30, Berkshire had 192,666 shares in Kraft, according to a regulatory filing with the Securities and Exchange Commission. That's down 88 per cent from the stake reported as of March 31. Its stake in Mondelez was slashed by 92 per cent to 578,000 shares.

Berkshire has been cutting its stake in the companies. Last fall, it had 30.5 million shares of Kraft, which makes Jell-O, Miracle Whip and Oscar Mayer. It had 12.8 million shares of Oreo cookie maker Mondelez as of late last year.

The report doesn't distinguish between Buffett's stock picks and those made by the company's other investment managers.

http://www.globalpost.com/dispatch/news/the-canadian-press/130815/warren-buffetts-berkshire-hathaway-again-cuts-stakes-kraft-f