10 Best Stocks to Buy According to Billionaire Warren Buffett

4. Coca Cola Co (NYSE:KO)

Portion of portfolio: 9.32%

Value of holdings: $24,904,000,000

The Coca-Cola Company (NYSE:KO) is a famous beverage company that manufactures and sells a diverse range of nonalcoholic beverages, such as soft drinks, water, tea, juice, and plant-based alternatives, along with beverage concentrates and syrups for retail distribution.

Buffett held steady in his financial position with the company during the fourth quarter, holding 400,000,000 of its shares, and making it one of its top portfolio holdings.

Dubbed “amazing” by Jim Cramer during his appearance on Squawk on the Street in February, The Coca-Cola Company was able to shake off the effects of GLP-1 anti-craving drugs, having two-thirds of its portfolio being made up of low and no-calorie products, he recently said, according to Financial Times. Coca-Cola is expected to release the first quarter 2025 financial results on April 29 before the New York Stock Exchange opens. The fourth quarter earnings report revealed revenue of $11.47 billion, topping analysts’ expectations of $10.68 billion for the period, as global demand for its drinks rose.

The Coca-Cola, which has been one of Buffett’s main holdings for over thirty years, generated $2.9 billion in operating cash flow and $1.6 billion in free cash flow during the quarter, demonstrating outstanding cash flow management. The company’s profitability was further proven by its strong adjusted operating margin of 30.7%.

The Coca-Cola Company’s shares were trading at $72.41 per share on April 24, at the time of writing, with the stock price impacted by the global geopolitical uncertainty and slowdowns in Mainland China and the company’s Asia travel retail sectors.