Dividend Aristocrats and Dividend Kings are surging, with Coca-Cola appreciating more than 20% year to date. Read why I'm neutral on KO stock here.

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.

Cola's financial stability, dividend history, and market performance to assess investment opportunities amid premium valuations.