Warren Buffett, the legendary investor and CEO of Berkshire Hathaway (BRK.B -0.68%) (BRK.A -0.28%), 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 (K 1.05%)

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.