Coca-Cola Stock at $88: Here's Why Investors Should Pause
The stock of Coca-Cola's archrival and the behavior of a prominent shareholder strongly indicate it is a hold.
Overview
Coca-Cola (NYSE: KO) has long been one of the most closely watched consumer stocks. Coca-Cola's flagship beverage anchors the stock, and its success is arguably the biggest factor in supporting the 64 consecutive years of dividend increases.
Moreover, under Warren Buffett's leadership at the time, Berkshire Hathaway has owned the stock for decades, holding 9.3% of Coca-Cola's outstanding shares.
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Originally published at www.fool.com.
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