Could Coca-Cola Be a Millionaire Maker Stock?
Warren Buffett, who has held a large position in Coca-Cola (NYSE: KO) through Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) since 1988, often claims to drink at least five cans of Coke every day. Investors who followed Buffett's lead back then are now sitting on some big millionaire-making gains.
Coca-Cola's stock has rallied roughly 2,080% since the beginning of 1988, and it generated a total return of 4,540% after factoring in reinvested dividends. But can Coca-Cola's stock keep rising over the next few decades as people drink fewer carbonated drinks worldwide?
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Source Fool.com
