Warren Buffet Slashes Stake In Kraft Foods (K)

Warren Buffett's Berkshire Hathaway cut its stake in Kraft Foods K for the first time in two years, in tune with its loud resistance to the company’s move to acquire Cadbury Plc. Berkshire reported in a regulatory filing late Monday that it sold 31.5 million Kraft (K) shares, reducing its holdings to 106.7 million shares as of March 31. Berkshire remains Kraft's (K) largest shareholder, owning just over 6% of the world's second-largest food company. Kraft Foods Inc. (K),which is a Dow constituent, has already shed close to 1.45% by late afternoon trading in a subdued session on Tuesday.