5 Best Stocks To Buy For A Weak US Dollar

In this piece, we will take a look at the five best stocks to buy for a weak U.S. dollar. If you want to learn what a strong U.S. dollar’s about, head on over to 10 Best Stocks To Buy For A Weak US Dollar.

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

Number of Hedge Fund Holders: 60

The Coca-Cola Company (NYSE:KO) is the largest beverages and soft drink company in the world. It has dozens of brands in its portfolio and the firm is also one of the oldest companies in the world as it was set up in 1886 and is headquartered in Atlanta, Georgia, the United States.

The Coca-Cola Company (NYSE:KO)’s third fiscal quarter results that were posted in October 2022 outlined that excluding North America, roughly $6.8 billion of the firm’s $11 billion in net revenues were earned abroad. Additionally, the actual proportion of non-U.S. dollar revenues will be higher since North America includes other countries such as Canada as well. The Coca-Cola Company (NYSE:KO) also beat analyst revenue and EPS estimates during its third quarter and managed to grow its EPS by 8%,  a remarkable achievement for an established brand.

The Coca-Cola Company (NYSE:KO) pays a 44 cent dividend for a 2.9% yield and its shares are up by 2.46% year to date. By the end of this year’s second quarter, 60 out of the 895 hedge funds polled by Insider Monkey had bought the company’s shares.

The Coca-Cola Company (NYSE:KO)’s largest investor is Warren Buffett’s Berkshire Hathaway which owns 400 million shares that are worth $25 billion.

“The Coca-Cola Company (NYSE:KO), the global beverage business, was a leading contributor for the period. Coca-Cola continues to benefit from the refranchising of its bottling operations and realignment of incentives, catalysts we previously identified. These initiatives are demonstrating their strength in an inflationary and supply-chain-challenged environment. Additionally, the company has focused on evolving its customer engagement practices by leveraging digital and social medias for targeted campaigns, such as the design and launch of Coke Byte in the metaverse. Lastly, Coca-Cola has furthered its transformation into a total beverage company, as it debuted its new Jack Daniel’s Tennessee Whiskey and Coca-Cola ready-to-drink premixed cocktail. Although uncertainties surrounding cost pressures, lockdowns and geopolitical conflicts remain, we believe Coca-Cola is uniquely positioned to successfully continue its transition toward a total beverage business.”