Coca-Cola (NYSE: KO) is Warren Buffett's longest-held stock and one of his favorites. His holding company, Berkshire Hathaway, first bought shares of Coke stock in 1988 and owns 400 million shares.

The big news revealed at the Berkshire Hathaway annual meeting last week was that it had sold 13% of its stake in . While that sounds significant, and is, Apple remains the company's largest position by far, moving down from around 50% to 40% of the total portfolio. However, even though Buffett said Apple was a better business than Coca-Cola and American Express, his other longtime favorite, he has never sold a share of Coke or American Express.

Let's see what he said about Coca-Cola and how that might influence your opinion of it as an investor.

Continue reading

Source Fool.com