5 Best Consumer Stocks To Buy Now

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In this article, we discuss 5 best consumer stocks to buy. If you want to read about some more consumer stocks as well as the risk/reward and methodology of this list, go directly to 11 Best Consumer Stocks To Buy Now.

5.  The Coca-Cola Company (NYSE:KO)

Number of Hedge Fund Holders: 60

% Weight of iShares Global Consumer Staples ETF as of September 22: 5.5

The Coca-Cola Company (NYSE:KO) is a beverage company with over 500 brands in more than 200 countries.

Due to its strong brand and consistent growth, The Coca-Cola Company (NYSE:KO) has raised its dividend every year for the last 60 years. As of September, the company also has a dividend yield of 3.00% and pays a quarterly dividend of $0.44 per share.

In July, Deutsche Bank kept a Hold rating on The Coca-Cola Company (NYSE:KO) stock and increased its price target to $65 from $64. The Coca-Cola Company (NYSE:KO) also had strong Q2 results with normalized EPS of $0.70, beating analyst estimates by $0.03.

According to the second quarter database of Insider Monkey, 60 hedge funds were bullish on The Coca-Cola Company (NYSE:KO), with combined stakes worth about $28 billion. Berkshire Hathaway is the biggest stakeholder of The Coca-Cola Company (NYSE:KO) as of the second quarter of 2022, with 400 million shares worth more than $25 billion.

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