5 Best FMCG Stocks To Buy Now

In this article, we discuss the 5 best FMCG stocks to buy now. If you want to go through our industry analysis you can see the 13 Best FMCG Stocks To Buy Now.

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

Number of Hedge Fund Holders: 61

Established in 1892, The Coca-Cola Company (NYSE:KO) is a renowned American multinational corporation celebrated for its iconic beverage, Coca-Cola. Beyond its flagship product, the company is extensively involved in the manufacturing, distribution, and promotion of a diverse array of non-alcoholic beverage concentrates, syrups, and notably, alcoholic beverages within the beverage industry.

During the first half of FY23, the company reported $4.6 billion in operating cash flow, with free cash flow reaching $4 billion for the same period. This underscores The Coca-Cola Company’s (NYSE:KO) robust cash generation capabilities, positioning it favorably to meet its commitments to shareholders in the upcoming quarters. As of October 28, the company distributes a quarterly dividend of $0.46 per share, resulting in a strong yield of 3.33%.

By the end of this year’s second quarter, 61 out of the 910 hedge funds that were part of Insider Monkey’s research had held a stake in The Coca-Cola Company (NYSE:KO). Out of these, the firm’s largest shareholder is Warren Buffett’s Berkshire Hathaway since it owns 400 million shares that are worth $24 billion.