Cost: ~$38 per share
While the drink of choice for college-age students might not be Coca-Cola (NYSE:KO), it still sells the most popular soft drink on the planet, not to mention a host of other sodas, juice, water, tea … and most recently, protein shakes, by virtue of a purchase of Fair Oaks Farm Brands.
Warren Buffett’s biggest portfolio investment split its stock a few months ago, making it much more affordable. For $37 per share, you get a Dependable Dividend Stock yielding a solid 2.7%.
Chances are people will be drinking Coca-Cola products long beyond our grad’s retirement years, and I suspect she — and Mr. Buffett’s heirs — will be reaping the benefits of the stock the whole time.