Warren Buffett is widely regarded as one of the most well-known and successful investors. He is the chairman and largest shareholder of Berkshire Hathaway Inc. (BRK.A), an investing firm that has achieved 20 percent compounded yearly returns since 1965.
Berkshire Hathaway reported $6.47 billion in operational profits in its fiscal third quarter of this year, an 18% rise year over year. The investment sector has profited from the reopening of the economy and the recovery of demand to pre-pandemic levels. BRK.A’s stock has risen 31.1 percent in the last year, thanks to solid equity investments.
Buffett owns 9.3 percent of The Coca-Cola Company (KO — Get Rating), 19.1 percent of American Express Company (AXP — Get Rating), and 35.4 percent of DaVita Inc. (DVA — Get Rating). These stocks have strong fundamentals and might be good investments in the coming month.
The Coca-Cola Company(KO)
This multinational non-alcoholic beverage company headquartered in Atlanta, Georgia, distributes its products under well-known brand names such as Coca-Cola, Sprite, Fanta, Dasani, Minute Maid, and POWERADE.
On November 8, KO announced WPP plc as its Global Marketing Network Partner. WPP is expected to play a critical role in developing a new marketing approach that would create long-term development for the corporation. In addition, KO has named Dentsu Inc. as its Complementary Media Partner in specific areas.
On November 1, the firm announced the acquisition of full ownership of BODYARMOR, a sports performance and hydration beverage company. KO’s product portfolio should be expanded as a result of the purchase.
For the fiscal third quarter ended October 1, non-GAAP net operating sales jumped 16.1% year on year to $10.04 billion, while non-GAAP operating income increased 14.6 percent year on year to $3.01 billion. Its non-GAAP net income and non-GAAP net income per share were $2.82 billion and $0.65, respectively, up 18.2 percent year over year.
The $2.29 consensus EPS forecast for the current fiscal year (fiscal 2021) is a 17.4 percent increase year over year. Furthermore, the $38.12 billion consensus revenue projection for the current fiscal year is a 15.5 percent increase over…