Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK) has a portfolio value of around $107 billion and they have almost $60 billion cash in hand, which might sound astounding. Warren Buffett still has holdings in The Coca-Cola Co (NYSE:KO) & Moody’s Corporation (NYSE:MCO), which might sound surprising for many as many feel that The Coca-Cola Co (NYSE:KO) has started to lose its market in US. Buffett explained on Fox Business about why he is still holding onto The Coca-Cola Co (NYSE:KO) and Moody’s Corporation (NYSE:MCO) stock.
Moody’s Corporation (NYSE:MCO) is one of the top rated credit rating provider and they do a lot of economic related and capital market researches and a lot more related to economics and financial services. Warren Buffett’s Berkshire Hathaway still holds the big chunk of Moody’s Corporation (NYSE:MCO) stock. Buffett feels that Moody’s is a fantastic business.
He feels that Moody’s and S&P’s business are fantastic. He thinks that this type of business needs no capital and has pricing flexibility. Buffett mentioned that if he sells a bond issue, he will need a Moody’s rating and S&P 500 rating and he said that he can’t negotiate with them. He added that they haven’t sold Moody’s Corporation (NYSE:MCO) stock for a very long time.
As of 30th September 2014, Warren Buffett’s Berkshire Hathaway holds around 25 million Moody’s Corporation (NYSE:MCO) shares with a value of around $2.3 billion.
The Coca-Cola Co (NYSE:KO) is Buffett’s second largest holding only behind Wells Fargo & Co (NYSE:WFC). As of 30th September 2014, Warren Buffett’s Berkshire Hathaway holds around 400 million The Coca-Cola Co (NYSE:KO) stock with a value of around $17 billion.
One might get surprised if declining Coke sales might push Buffett to sell his holdings in The Coca-Cola Co (NYSE:KO). But Buffett feels very confident about The Coca-Cola Co (NYSE:KO) stock.
“There is 1.9 billion servings of Coca Cola products all over the world today. Its gone up almost every year since 1886. Its true that there is more publicity about it in this country. But, I do not worry about Coca Cola over time. I am 84 years old. In my adult life time one quarter of all the calories I have consumed has come from Coca Cola. […] When I pass on I think the Coca Cola Company should take my body around the country and show that this guy made it to 100,” Buffett said about The Coca-Cola Co (NYSE:KO).
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