Billionaire and investing icon Warren Buffett said Monday morning that health-care giant Johnson & Johnson has "obviously messed up in a lot of ways in the last few years."
Buffett is chairman of Berkshire Hathaway, Co., the investment company that owns or holds sizable positions in companies in numerous industries, J&J, Wells Fargo and Coca-Cola among them.
"They have some wonderful products and a wonderful balance sheet, but too many mistakes have been made at Johnson & Johnson," Buffett said in the interview with CNBC's Becky Quick on the show Squawk Box. "Clearly, they have not lived up to their standards."
Buffett had a mixed view of J&J's stock, which has lagged compared to competitors.