The Coca-Cola Company
This company remains a top Warren Buffet holding as he owns a massive 400 million shares> It not only offers safety, but has an incredibly strong worldwide brand with 40% overseas sales. The Coca-Cola Company (NYSE: KO) is the world’s largest beverage business, offering consumers more than 500 sparkling and still brands. Led by Coca-Cola, one of the world’s most valuable and recognizable brands, the company’s portfolio features 20 billion-dollar brands, including Diet Coke, Fanta, Sprite, Coca-Cola Zero, vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, Coca-Cola is the No. 1 provider of sparkling beverages, ready-to-drink coffees, and juices, and juice drinks
Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy the company’s beverages at a rate of more than 1.9 billion servings a day. It’s important to remember that the company also owns 16.7% of Monster Beverage (NASDAQ: MNST), which continues to deliver big numbers.
Investors are paid a very dependable 2.88% dividend. UBSl has a buy rating and a $68 target price. The Wall Street consensus price objective for the stock is set at $66.61. The final trade on Friday came in at $61.14.
Given Warren Buffet’s proclivity for only owning the stock of companies that he understands inside and out, all of these make sense now for growth and income investors worried about the potential for a steep market decline. While they could sell off in a large correction, they will hold in far better than most.
Sponsored: Find a Qualified Financial Advisor
Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to 3 fiduciary financial advisors in your area in 5 minutes. Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests. If you’re ready to be matched with local advisors that can help you achieve your financial goals, get started now.