5 Best Stocks to Buy According to Warren Buffett

4. The Coca-Cola Company (NYSE: KO)

Number of hedge fund holders: 62 

The Coca-Cola Company (NYSE: KO)  is a Georgia-based beverage company. It is placed fourth on our list of 10 best stocks to buy according to Warren Buffett. Latest data shows that Berkshire Hathaway owned 400 million shares in the beverage maker at the end of June 2021. These are worth $21.6 billion and represent 7.38% of the investment portfolio of the Buffett-led company. 

On July 22, investment advisory Citi kept a Neutral rating on The Coca-Cola Company (NYSE: KO) stock but raised the price target to $60 from $57, noting that the earnings beat of the firm in the second quarter was driven by stronger net sales growth. 

Out of the hedge funds being tracked by Insider Monkey, New York-based firm DE Shaw is a leading shareholder in The Coca-Cola Company (NYSE: KO) with 8.8 million shares worth more than $481 million.