Despite More Tech Investments, Coca-Cola Stock Is a Top 5 Holding in Berkshire Hathaway's Portfolio
With a strong stock price run and hundreds of millions in dividend payouts, Coca-Cola will stay a top holding in the Berkshire portfolio for some time.
Overview
The new era of Berkshire Hathaway (NYSE: BRKA)(NYSE: BRKB) under CEO Greg Abel suggests greater comfort with owning tech stocks for the conglomerate. Apple and Alphabet are now two of Berkshire's top five holdings.
That said, one of Berkshire's other top holdings has nothing to do with tech or artificial intelligence. Coca-Cola (NYSE: KO) is Berkshire's third-largest holding, accounting for 9.8% of the total portfolio. And there's a key reason why it's still likely to remain a top holding even with the CEO change at Berkshire.
Image source: The Motley Fool.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.