And this has to do with his confidence in the way the company is run and its solid earnings record. In Buffett's 2021 shareholder letter, he referred to Tim Cook as Apple's "brilliant CEO" and praised his decision to repurchase Apple shares. Share buybacks increase the ownership of current holders without them paying a dime.

Over the last decade, Coca-Cola's notable acquisitions include the sparkling water brand Topo Chico for $220 million, the coffee company Costa for $4.9 billion, and the sports and hydration beverage company BodyArmor for $5.6 billion.

Starbucks: Coca-Cola and PepsiCo face significant challenges in Muslim-majority countries due to consumer boycotts amid the Gaza conflict. Local brands like Pakistan's Cola Next and Egypt's V7 are gaining market share.

Shares of Coca-Cola Co. KO inched 1.00% higher to $71.85 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 1.16% to 5,471.05 and the Dow Jones Industrial Average DJIA rising 1.