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How much did Warren Buffett pay for Coca-Cola stock?
How much did Warren Buffett pay for Coca-Cola stock?
FantasylitElation
Fri Sep 20 2024
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Excuse me, but I was wondering if you could possibly enlighten me on the topic of Warren Buffett's investment in Coca-Cola. Specifically, I'm curious to know how much he paid for the Coca-Cola stock when he made his initial purchase. I understand that it was a significant investment for him, but I'm having difficulty finding the exact amount he spent. Could you perhaps provide me with some insight or direct me to a reputable source where I can find this information? Thank you for your time and assistance.
7 answers
isabella_doe_socialworker
Sun Sep 22 2024
In 1988, Warren Buffett, the renowned investor, made a significant move in the business world by acquiring over $1 billion worth of shares in Coca-Cola Company (KO). This purchase marked a pivotal moment in his investment portfolio.
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KimchiQueen
Sun Sep 22 2024
The amount invested by Buffett was substantial, equivalent to 6.2% of Coca-Cola's total shareholding at the time. Such a significant stake underscored his conviction in the company's future prospects.
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Valeria
Sat Sep 21 2024
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MysticMoon
Sat Sep 21 2024
The Coca-Cola investment transformed into the largest single holding in Buffett's Berkshire Hathaway Inc. (BRK) portfolio. This move not only reflected his deep-seated belief in the beverage giant but also showcased his strategic vision.
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Pietro
Sat Sep 21 2024
Buffett's decision to invest heavily in Coca-Cola was based on a meticulous analysis of the company's fundamentals, including its strong brand recognition, loyal customer base, and consistent financial performance.
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