Warren Buffett, the 'Oracle of Omaha,' reiterates: Coca Cola will still be a core holding of Berkshire
At the Berkshire Hathaway shareholder meeting on May 3 local time, in addition to the "Oracle of Omaha" Warren Buffett, Coca Cola also attracted attention. As usual, Buffett expressed his admiration for Coca Cola, both as a product and as an investment. Buffett reaffirmed his commitment to Coca Cola as a core holding of Berkshire Hathaway and mentioned how the company is confident in maintaining Coca Cola as one of its largest positions. Buffett also stated that he would not sell any shares of Coca Cola. Data shows that Berkshire Hathaway has held shares of Coca Cola since 1988. Shortly after the U.S. stock market crash in 1987, Buffett recognized Coca Cola's strong global brand, stable earnings, and pricing power, and began buying shares of the beverage giant. Berkshire Hathaway remains the largest single shareholder of Coca Cola, with holdings valued at over $27 billion, accounting for approximately 9.3% of Coca Cola's outstanding shares
According to the Zhitong Finance APP, at the Berkshire Hathaway shareholders' meeting on May 3 local time, the attention was drawn not only to the "Oracle of Omaha" Warren Buffett but also to Coca Cola (KO.US). As usual, Buffett expressed his admiration for Coca Cola, both as a product and as an investment. Buffett reaffirmed his commitment to Coca Cola as a core holding of Berkshire Hathaway and mentioned how the company is confident in maintaining Coca Cola as one of its largest positions. Buffett also stated that he would not sell any shares of Coca Cola.
Data shows that Berkshire Hathaway has held shares of Coca Cola since 1988. Shortly after the U.S. stock market crash in 1987, Buffett recognized Coca Cola's strong global brand, stable earnings, and pricing power, and began buying shares of the beverage giant. Berkshire Hathaway remains the largest single shareholder of Coca Cola, with shares valued at over $27 billion, accounting for approximately 9.3% of Coca Cola's outstanding shares
