5 Best Blue Chip Stocks To Buy Now

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In this article, we discuss the 5 best blue chip stocks to buy now. If you want to read our detailed analysis of these stocks, go directly to the 11 Best Blue Chip Stocks To Buy Now.

5. The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 61

Consecutive Years of Dividend Payouts: 59    

Dividend Yield: 2.79%  

Guggenheim analyst Laurent Grandet recently upgraded The Coca-Cola Company (NYSE:KO) stock to Buy from Neutral and raised the price target to $66 from $61, noting that the “portfolio rationalization” and “strong sales in emerging markets” would help The Coca-Cola Company (NYSE:KO) with gross margin benefits in the coming months. The analyst forecast that The Coca-Cola Company (NYSE:KO) would grow earnings by 12% annually through 2023. 

The Coca-Cola Company (NYSE:KO) has been a favorite stock among hedge funds for the past many years. Nebraska-based firm Berkshire Hathaway is a leading shareholder in The Coca-Cola Company (NYSE:KO) with 400 million shares worth more than $20 billion.  

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