Warren Buffett’s Top 5 Stock Picks

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

Warren Buffett’s hedge fund’s position in The Coca-Cola Company (NYSE: KO) underperformed in 2020 and extended the declining trend in 2021. Its shares are down 16% in the last twelve months due to pressure on sales and earnings. Despite sluggish stock price performance, the company continues offering dividends to investors. KO is a dividend king amid its history of increasing dividends in the past 58 successive years.

Its December quarter revenue fell 5.5% year over year and 11% for the full year. Operating incomes also declined at a double-digit rate in 2020. However, the company is optimistic about its business strategies and future prospects.