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Warren Buffett’s 10 Best Investments For 2011

Kraft Foods Inc.

Kraft Foods Inc. is Buffett’s big food gamble. He also has trimmed it after saying the Cadbury deal was too expensive. With shares at $30.65, there is an implied upside of over 14 percent to the consensus price target objective of $35.06. Kraft is not overly expensive as it trades at about 14-times forward earnings expectations. The good thing about this DJIA component is that it offers investors a dividend yield of about 3.8 percent. The target price above $35.00 is one that stands out because the 52-week range is $26.40 to $32.67. The last time shares were above $35.00 was in 2006 and it was 2002 when shares traded in a range of $35.00 to $40.00.

(AP Photo/Charles Rex Arbogast)

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