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Beer baron Buffett goes light on Bud

February 27, 2006 | About:
Since raising his glass and becoming Anheuser-Busch Cos. Inc.'s largest shareholder last year, Warren Buffett has backed away from his investment a bit. The nation's largest brewer has seen its share price continue to slide over the past year, and it appears the Oracle of Omaha -- better known for his interest in Coke than Bud -- is trying to minimize a hangover.

Buffett's holding company, Omaha, Neb.-based Berkshire Hathaway Inc., held about 9.5 million Anheuser-Busch shares at the end of 2004. Berkshire made its big move early last year, apparently taking advantage of the brewer's softening stock price. Buffett increased his stake to 40.5 million shares by March 31, before peaking at 46.5 million shares by June 30, according to filings Berkshire Hathaway made with the Securities and Exchange Commission (SEC).

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