Coca-Cola (NYSE:KO), a beverage company with $186.14 billion market cap, is not only popular among hedge fund managers, but most of the investors like it, too.
According to GuruFocus data, Coca-Cola makes up 14.34% of Warren Buffett’s portfolio. Coca Cola owns or licences and markets more than 500 nonalcoholic beverage brands, mainly sparkling beverages, but also a variety of still beverages such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees and energy and sports drinks. It owns and markets four of the world's top five nonalcoholic sparkling beverage brands – Coca-Cola, Diet Coke, Fanta and Sprite – and reported its third-quarter earnings on Oct. 21 with higher-than-estimated EPS in such a robust environment, but its revenue fell below the estimations of analysts. Continue Reading »