Warren Buffett’s Top 5 Stock Picks

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

Percentage of Berkshire Hathaway’s 13F Portfolio: 7.15%

Berkshire Hathaway’s Stake Value: $20,988,000,000

Number of Hedge Fund Holders: 61

Warren Buffett has held The Coca-Cola Company (NYSE:KO) since 1988. At the end of the third quarter of 2021, the hedge fund owned 400 million shares of the Atlanta-based company, accounting for 7.15% of the fund’s total holdings.

At the end of the September quarter, 61 funds out of the 867 tracked by Insider Monkey had stakes in The Coca-Cola Company (NYSE:KO), compared to 62 in the previous quarter.

The beverage giant announced in early November its acquisition of a New York-based sports drink company BodyArmor SuperDrink. The Coca-Cola Company (NYSE:KO) initially acquired a 15% stake in the energy drink company in 2018 and recently paid $5.6 billion to buy the remaining 85% of BodyArmor. Following this, Morgan Stanley analyst Dara Mohsenian maintained a $65 price target for The Coca-Cola Company (NYSE:KO) with an Overweight rating.