5 Best Dogs of the Dow Stocks Ranked By Hedge Fund Sentiment

In this article, we discuss 5 best Dogs of the Dow stocks ranked by hedge fund sentiment. If you want to read our detailed analysis of the Dogs’ performance over the years, go directly to read Best Dogs of the Dow Stocks Ranked By Hedge Fund Sentiment. 

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

Number of Hedge Fund Holders: 59

An American leading beverage company, The Coca-Cola Company (NYSE:KO) is one of the strongest dividend payers in the market. The company has paid regular dividends to shareholders since 1920 and has raised its payouts consistently for the past 60 years. It currently pays a quarterly dividend of $0.44 per share and has a dividend yield of 2.73%, as of December 14.

In December, Deutsche Bank raised its price target on The Coca-Cola Company (NYSE:KO) to $62 with a Hold rating on the shares, highlighting the company’s positive developments this year.

As of the end of Q3 2022, 59 hedge funds in Insider Monkey’s database owned stakes in The Coca-Cola Company (NYSE:KO), with a collective value of $25 billion. Berkshire Hathaway was the company’s largest stakeholder with 400 million shares.

Carillon Tower Advisers mentioned The Coca-Cola Company (NYSE:KO) in its Q3 2022 investor letter. Here is what the firm has to say:

“Shares of The Coca-Cola Company (NYSE:KO) sold off with consumer staples even as the company reported strong pricing for the second quarter. On average, product prices rose with management hinting at further momentum.”