Valued at nearly $290 billion by market cap, Coca-Cola Company (KO) is one of the biggest beverage companies in the world. It manufactures, markets, and sells nonalcoholic beverages, mainly soft drinks, sparkling water, sports drinks, coffee and tea, and juice-based drinks. It has a number of iconic brands in its portfolio, such as Coca-Cola, Fanta, Sprite, and Minute Maid, which have given Coke nearly unparalleled brand power.
Incorporated in 1886, the company has expanded is headquartered in Atlanta, Georgia, and is well-known for being a longtime investment of Warren Buffett. Through Berkshire Hathaway's (BRK.B) equity portfolio, Buffett holds about 400,000,000 shares of Coke, giving the billionaire a 9.3% stake in the company. At 8.6% of the portfolio, KO is currently the fourth-largest Buffett holding, ahead of energy giants like Chevron (CVX) and Occidental Petroleum (OXY).
