Warren Buffet Holds the Line on Coca-Cola and Is Quadrupling Apple Stake

Buffett nearly quadrupling Berkshire Hathaway's stake Apple and increasing its position sevenfold in the four biggest U.S. airlines.

Author:: Brian Sozzi
Publish date:: Feb 15, 2017 12:54 PM EST

Anyone else find it interesting that Warren Buffett continues to hold the line on Berkshire's stake in his preferred drink of choice, Coca-Cola (KO) - Get Report ?

Sure, Buffett nearly quadrupling Berkshire Hathaway's (BRK.A) - Get Report stake in Action Alerts PLUS charity portfolio holding Apple (AAPL) - Get Report and increasing its position seven-fold in the four biggest U.S. airlines certainly creates more buzz. But, at least from an outsider's perspective, there are at least two reasons why Buffett should have nibbled at Coca-Cola last year, instead of keeping his stake at roughly 400 million shares, or 9.27% of Coke's outstanding shares (Berkshire is Coke's biggest shareholder).

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