5 Best Long-term Stocks to Buy Now

2. Coca Cola (NYSE: KO)

Warren Buffet is one of the biggest fans of Coca Cola. Berkshire Hathaway has been holding the shares of the consumer discretionary company since 1988 when shares were trading below $4. KO shares are currently trading around $53. It currently represents Buffett’s third-largest stock holding valued at $19.7 billion.

In addition to share price gains, Berkshire is likely to collect more than $600 million in annual dividend income from Coca-Cola investment. The firm has earned almost $7 billion in dividends from the Coke investment since 1995.

Here is what our writer Tim Frederick wrote about KO recently:

“Coca-Cola continues to search for new ways to counter sluggish sales of its flagship product. Its foray into coconut water, Zico, was a failure, with the company recently announcing that it was axing that brand. The next experimental drink up the company’s sleeve is a coffee-infused cola, which is expected to launch in January. Coca-Cola’s organic revenue sank by 26% in Q2 and the company believes a full recovery could take years.”