Buffett’s new pizza investment a perfect fit in Berkshire’s portfolio

Warren Buffett, a celebrated lover of junk food, just bought into a national pizza chain whose shares are trading near their cheapest level of the year. With CEO Buffett at the helm, Berkshire Hathaway bought more than 1.2 million shares of Domino’s Pizza last quarter, a stake worth about $550 million, a recent regulatory filing showed. Given its small size in Berkshire’s massive portfolio — cash holdings alone top $300 billion — Buffett’s investing lieutenants Ted Weschler and Todd Combs may be behind the investment. Whosever original idea, Domino’s Pizza is in keeping with other, long-standing investments by the sprawling Omaha-based conglomerate. Berkshire already owns 100% of See’s Candies and Dairy Queen , and counts Coca-Cola and Oscar Meyer hot dog-parent Kraft Heinz among its top equity holdings. Buffett, a 94-year-old billionaire known for childlike dietary habits, has famously said he would happily drink five cans of Coke and eat McDonald’s every day. Yet, despite the seemingly indulgent diet, Buffett remains in good health.