The Coca-Cola Company (KO) is a beverage brand with worldwide recognition and scalability. It has created incredible wealth over the past few decades. The company’s superior pricing power helps its revenue and dividends to grow steadily. KO has paid dividends each year since 1893 and increased its payout for more than 60 consecutive years.
KO is renowned investor Warren Buffett’s longest-held stock, and his company, Berkshire Hathaway (BRK.B), owns nearly 400 million shares of KO for a market value of about $24 billion. This represents about 8% of Berkshire’s total stock portfolio. Given KO’s ability to perform steadily even during an economic slowdown due to its defensive nature and high-yield dividends, it is worth adding this Buffett stock to your portfolio.
