Five Dividend Kings to Buy Based on Billionaire Investors’ Sentiment

Finally, on the top spot we have The Coca-Cola Co (NYSE:KO), in which 10 billionaires reported long positions as of the end of 2015, down from 13 a quarter earlier. However, the total value of their positions went up to $18.31 billion from $17.30 billion during the last three months of 2015. The lion’s share of the aggregate value is held by Berkshire, which owns a $17.18 billion stake in The Coca-Cola Co that contains 400 million shares. Other billionaires’ funds long the stock include Fisher Asset Management, Renaissance Technologies and D. E. Shaw & Co.

The Coca-Cola Co (NYSE:KO) currently pays a quarterly dividend of $0.35 per share, giving its stock a yield of 3.07%. Shares of the beverage maker took a hit earlier this week, when the UK announced a tax on sugary drinks that will be implemented in 2018. The tax is aimed towards reducing obesity, but experts consider that the cost of the tax will most likely be passed to consumers through higher prices, or hidden costs, such as smaller pack sizes. Coca-Cola’s sales have also been affected by a stronger dollar and another risk that investors should be aware of is the focus of consumers towards a healthier lifestyle. However, The Coca-Cola Co (NYSE:KO) will adapt to the changes and will remain, in the words of Warren Buffett, “a forever stock”.

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