#6 - Coca-Cola (NYSE:KO)
Few statements could ever mean more to a company’s fortune than to have someone of Warren Buffett’s cache say that his company will never sell their shares in your company. Such is the case for Coca-Cola (KO). Despite the problems that have hit the industry over the last few years, including Coca-Cola's own heavy investment in re-franchising, the global beverage company holds an exalted place in Buffett’s portfolio. One reason for this is the investment it is making in brands like Monster Beverage, Keurig Green Mountain, and Suja Juice. It has also projected to save $3 billion annually by 2019 due to some operating changes. At the end of 2017, Coca-Cola was the fourth-largest company in Berkshire Hathaway's portfolio. Berkshire held 400 million shares of stock that are valued at $14.9 billion. Barclays is projecting a five percent increase in organic growth for the company in 2019 and 2020. They are also projecting an eight percent growth in profit over that same period. CFRA also sees the potential for improved margins in the stock beginning in 2019.
About Coca-Cola
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
Read More - Current Price
- $63.92
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $72.36 (13.2% Upside)
