Last week, Coca-Cola reported its financial results for the three-month period that ended Sept. 27. It beat Wall Street's expectations on both the top and bottom lines. Net revenue totaled almost $11.9 billion. This was down 1% year over year, as unit case volume worldwide dipped 1%.

Coca-Cola's stock has been in a downward correction for over a month and is now likely poised for a major rally.

Warren Buffett isn't usually one for hoarding cash. So what's he going to do with Berkshire Hathaway's S&P 500-busting amount?