Warren Buffett, the legendary investor and CEO of Berkshire Hathaway (NYSE:BRK-B)(NYSE:BRK-A), favors making out-sized deals and acquisitions -- or as he puts it "hunting for elephants." Buffett's 2013 deal to purchase of Heinz, with the help of 3G Capital, has investors wondering which company could be Buffett's next target.

Some believe that company is Kellogg (NYSE:K)

In the following video, Motley Fool analysts David Hanson, Morgan Housel, and Matt Koppenheffer discuss the possibility of Berkshire acquiring the food-giant. The guys remind investors that even though Buffett may be interested in the business's economics, he will patiently wait for the right price.

Morgan HouselDavid HansonMatt Koppenheffer own shares of Berkshire Hathaway. The Motley Fool recommends Berkshire Hathaway. The Motley Fool owns shares of Berkshire Hathaway. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.