Want to Invest Like Warren Buffett? Buy This 1 Stock Now
October 11, 2022 | News | No Comments|
Leading beverage company Coca-Cola (KO) has been surviving the current macro environment well due to the non-cyclical nature of its business. Moreover, this Buffett holding pays a high dividend and has a record of more than 55 consecutive years of dividend growth. Thus, adding this Buffett holding to your portfolio could be wise. Read on….
With a $235.22 billion market cap, The Coca-Cola Company (KO) is a leading beverage company that manufactures, markets, and sells various nonalcoholic beverages worldwide. It provides sparkling soft drinks, flavored and enhanced water, sports drinks, juice, dairy, plant-based beverages, tea and coffee, and energy drinks.
The company operates through a network of independent bottling partners, wholesalers, distributors, retailers, and bottling distribution operators.
Berkshire Hathaway (BRK.A) (BRK.B) CEO Warren Buffett believes in the value-based investing model and primarily opts for companies that exhibit strong fundamentals, solid earnings power, and immense potential for continued growth. He is a buy-and-hold investor, hanging on to stocks for the long term for high turnover. Buffett’s portfolio is considered a guide for several investors because of its impressive performance regardless of market conditions.
Fundamentally strong companies, such as KO, are Buffett’s top picks as they perform steadily even during an economic downturn and pay high dividends. KO is his longest-held stock. Berkshire Hathaway owns nearly 400 million shares of Coca-Cola for a market value of about $24 billion.