The Coca-Cola Company (KO): Yacktman Asset Management Believes In the Company’s Future Growth

Donald Yacktman’s Yacktman Asset Management recently shared its Q1 2019 Investor Letter (track down a copy here ). Aside from reporting its quarterly return of 7.77%, the fund commented a few stocks from its portfolio. Among those stocks was The Coca-Cola Company (NYSE:KO), for which the fund said the following:

Heading into the first quarter of 2019, a total of 53 of the hedge funds tracked by Insider Monkey held long positions in this stock, a change of 23% from the previous quarter. By comparison, 45 hedge funds held shares or bullish call options in KO a year ago. With the smart money’s positions undergoing their usual ebb and flow, there exists a few noteworthy hedge fund managers who were adding to their stakes considerably (or already accumulated large positions).

The largest stake in The Coca-Cola Company (NYSE:KO) was held by Berkshire Hathaway, which reported holding $18940 million worth of stock at the end of September. It was followed by Yacktman Asset Management with a $626.8 million position. Other investors bullish on the company included Adage Capital Management, Two Sigma Advisors, and Alkeon Capital Management.

Disclosure: None.

This article is originally published at Insider Monkey.