We just covered the 10 Best Stocks to Buy Now According to Warren Buffett.<\/strong> Coca Cola Co (NYSE:KO)\u00a0ranks #4\u00a0 (see the 5 best stocks to buy now here<\/strong>).<\/p>\n Coca Cola Co (NYSE:KO) has been a key part of Berkshire\u2019s portfolio over the past several years as the Oracle of Omaha\u2019s faith in the company remained unwavering. As of the end of the fourth quarter, Berkshire\u2019s stake in Coca Cola Co (NYSE:KO) was worth $27.96 billion.<\/p>\n Who better to make the bull case for Coke than Buffett himself?\u00a0 Years ago, he explained in his letter to investors why Coke\u2019s moat is solid, and that thesis remains valid to date. Buffett at the time (it was 1993) said Coka was like the \u201cBarbie\u201d of beverages because you can reliably predict that people will still want a Coke in 30 years. Buffett believed the long-term risk for stocks like Coke was significantly lower than that of a fast-moving technology company.<\/p>\n In his 2022 letter, Buffett said he expects Coca Cola Co (NYSE:KO)\u2019s dividend growth to hit like birthdays.<\/p>\n \u201cThe cash dividend we received from Coke in 1994 was $75 million. By 2022, the dividend had increased to $704 million. Growth occurred every year, just as certain as birthdays. All Charlie and I were required to do was cash Coke\u2019s quarterly dividend checks. We expect that those checks are highly likely to grow.\u201d<\/p>\n<\/blockquote>\n Coca Cola Co (NYSE:KO) has increased its dividend for over 60 years without a break.<\/p>\n Carillon Eagle Growth & Income Fund in its investor letter explained why KO shares underperformed. Read it here.<\/p>\n nik-albert-pGQpBcylvOA-unsplash<\/p>\n While we acknowledge the potential of KO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the\u00a0best short-term AI stock<\/strong>.<\/p>\n\n
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