5 Best Warren Buffett Stocks to Buy Now

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

Number of Hedge Fund Holders: 61

The Coca-Cola Company (NYSE: KO) is an American beverage company, manufacturing and selling nonalcoholic beverages. It is ranked fourth on our list of 15 best Warren Buffett stocks to buy now. The stock has returned 19.81% to investors over the course of the past year.

On July 21, The Coca-Cola Company (NYSE: KO) posted earnings for the second quarter of 2021, reporting earnings per share of $0.68, beating estimates by $0.12. The revenue over the period was around $10.13 billion, up 41.61% year-over-year.

At the end of the first quarter of 2021, 61 hedge funds in the database of Insider Monkey held stakes worth $24.90 billion in The Coca-Cola Company (NYSE: KO). Out of the hedge funds being tracked by Insider Monkey, Warren Buffett’s Berkshire Hathaway has the most valuable position in The Coca-Cola Company (NYSE: KO) as of the end of the first quarter of 2021, worth close to $21.08 billion, comprising 7.79% of its total 13F portfolio. 

On July 22, Truist kept its Buy rating on The Coca-Cola Company (NYSE: KO) while boosting its price target to $65 from $60, noting that the company will further benefit from the reopening.