Five Dividend Kings that Smart Money Likes the Most

The Coca-Cola Co (NYSE:KO) also lost some popularity among the funds we track, with 62 investors reporting long stakes as of the end of June, down from 65 a quarter earlier. Overall, these funds amassed stakes with a total value of $19.53 billion, which represented around 11.40% of the company’s outstanding stock at the end of June. One of the main problems the company is currently struggling with is currency headwinds, and last week, The Coca-Cola Co (NYSE:KO) said that a stronger dollar will affect its sales and profits throughout the next year and possibly into 2017 as well, although its cost-cutting efforts and diversifying into other businesses amid declining soda sales will offset some of those losses. The Coca-Cola Co (NYSE:KO) represents the second-largest position in Berkshire Hathaway’s equity portfolio, the firm owning 400 million shares of the beverage producer. Warren Buffett has been bullish on the company since the late 1980’s and has made a pile of cash on its dividends alone since then.