Warren Buffett Still Owns 400âŊMillion Shares of This Iconic Company
âĒBy ADMIN
Related Stocks:KO
Despite trimming other holdings, legendary investor Warren Buffett and his conglomerate Berkshire Hathaway continue to hold roughly 400âŊmillion shares of The CocaâCola Company â a position worth about $28âŊbillion and making up nearly 11% of Berkshireâs equity portfolio.
Buffettâs first investment in CocaâCola dates back to 1988, when he began buying into the beverage giant. That initial stake has grown more than 20âfold in value, and this year alone the companyâs dividend payments to Berkshire are expected to exceed $800âŊmillion.
While CocaâCola has lagged many of Buffettâs other bets in terms of growth â delivering just around 90% total return since 2016, compared with the broader marketâs 275% â Buffett remains unfazed. His rationale: a global brand with durable competitive advantages, dependable cash flows and consistent dividends â exactly the kind of business he prefers to hold âforever.â
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