Warren Buffett's Junk Food Empire -- 17 Delicious Brands We Eat All the Time
NEW YORK (TheStreet) -- It's no secret that billionaire investor Warren Buffett loves junk food, both for his personal consumption and as an investment.
The 84-year-old "Oracle of Omaha" has said he eats like a six-year-old: 2,500 calories and at least five Cokes a day. His favorite meal is a cheeseburger and Cherry Coke.
Now he's gorging on Kraft Foods, maker of Philadelphia cream cheese, Cool-Whip and other iconic brands. On Wednesday, Kraft Foods and H.J. Heinz , which is partially owned by Buffett's Berkshire Hathaway (BRK.A) - Get Report (BRK.B) - Get Report, announced a merger that would combine the two to create the third largest food and beverage company in North America behind PepsiCo (PEP) - Get Report and Tyson (TSN) - Get Report. The new Kraft Heinz Co. will also be the fifth largest food and beverage company in the world. The deal, orchestrated by private equity firm, 3G Capital and Buffett, brings together well-known edibles, including Oscar Mayer, Ore-Ida and Kraft cheese, to name a few. Berkshire Hathaway and 3G own Heinz outright together, while Berkshire has had a small stake in Kraft Foods for years.
"This is my kind of transaction," Buffett said in a press release. He typically looks for companies that have strong brands, simple businesses and consistent earnings power.
Buffett has his choice of snacks and fast-food meals through the dozens of brands that his company has a stake in or owns outright, from See's Candies to Dairy Queen to stakes in Coca-Cola (KO) - Get Report and Kraft Foods (KRFT) , among others.
This junk-food empire spans the gamet. Click through to see some of our favorites.
1. See's Candies
Berkshire Hathaway bought See's Candies in 1972. "California's Famous Old Time Candies" are sold in 200 stores in the U.S. and has a growing online business.
2. Heinz
Heinz may be best known for its ketchup, but the packaged food company also owns brands like Ore-Ida potato products, Weight Watchers Smart Ones entrees and T.G.I Friday's snacks. Berkshire Hathaway and 3G bought the company in 2013.
3. Dairy Queen
Who doesn't love a Blizzard from Dairy Queen? That's one of Berkshire Hathaway's holdings as well, bought in 1998.
4. Coca-Cola
(KO) - Get Report
Buffett's favorite drink. He owns a 9.2% stake in the beverage giant.
5. Planters
Planters peanuts is owned by Kraft. Everyone knows Mr. Peanut. Berkshire Hathaway owned roughly 193,000 shares of Kraft as of its most recent 13F filing, valued at $12 million as of Dec. 31.
6. Velveeta
Sort of like the ugly stepsister, Velveeta usually played second fiddle to the more popular Kraft Mac and Cheese. Velveeta is owned by Kraft.
7. Cadbury
It's spring time, so, hello Cadbury Crème Eggs. This most delicious chocolate treat ever that only comes out for Easter. It's recently come under criticism for a recent tweak to the recipe. Cadbury is owned by MondelezInternational (MDLZ) - Get Report. Berkshire Hathaway owned 578,000 shares of the company, worth about $21 million, as of Dec. 31, the recent 13F filing says.
8. Kraft Macaroni and Cheese
Kraft takes its name from this much-loved brand. Lots of companies try to imitate but no one can come close to Kraft mac and cheese.
9. Kool-Aid
Kool-Aid is another Kraft brand that everyone knows. Today, the sugary drink is likely less popular than it once was for due to trends toward healthier, less sugary drinks for kids.
10. Jell-O
J-E-L-L-O! How can you forget the catchy jingle for this Kraft brand?
11. Miracle Whip
This sandwich spread billed as a margarine alternative is also owned by Kraft.
12. Chips Ahoy!
Chips Ahoy! chocolate chip cookies have been a staple in the cookie aisle since 1963. The brand is baked and marketed by Nabisco, which is a subsidiary of Mondelez.
13. Oreo
Did you know the iconic cookie crème-filled sandwich is 103 years old? Oreos are made by Nabisco, a subsidiary of Mondelez.
14. Nutter Butter
This peanut-shaped sandwich with peanut butter filling was first introduced in the U.S. in 1969. Nutter Butters are also made by Nabisco, a subsidiary of Mondelez.
15.Nabisco
Nabisco is a brand with quite a storied history (and subject of the famous book Barbarians at the Gate: The Fall of RJR Nabisco). The cookie and cracker brand is today a subsidiary of Mondelez.
16. Tim Hortons
Don't discount this doughnut chain, known for some pretty good coffee. Tim Horton's and Burger King merged last year. Berkshire Hathaway helped finance the deal. As of Dec. 31, Berkshire owned 8.4 million shares of Restaurant Brands International (QSR) - Get Report, the company created by the merger of the two quick-service chains.
17. Burger King
Home of the Whopper, Burger King has always had to live in the shadow of fast-food king, McDonald's (MCD) - Get Report. (Meanwhile a host of higher end fast-food burger chains have popped up in recent years to give both burger companies a run for their money.)