5 Best Stocks to Buy for Deflation

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In this article, we discuss 5 best stocks to buy for deflation. If you want to see more stocks in this selection, click 10 Best Stocks to Buy for Deflation

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

Number of Hedge Fund Holders: 60

The Coca-Cola Company (NYSE:KO) is one of the best stocks to buy for deflation. In addition to its defensive nature, The Coca-Cola Company (NYSE:KO) is a reliable dividend payer. 2022 marks the 60th consecutive annual dividend increase by the company. The company declared a $0.44 per share quarterly dividend, in line with previous. The dividend is distributable on October 3, to shareholders of record on September 16. The Coca-Cola Company (NYSE:KO)’s dividend yield on September 23 came in at 3%. 

On September 6, HSBC analyst Carlos Laboy raised the price target on The Coca-Cola Company (NYSE:KO) to $76 from $72 and reiterated a Buy rating on the shares. The company has new revenue drivers in Latin America as it opens its previously exclusive sales and delivery system to other brands, the analyst told investors in a research note.

According to the second quarter database of Insider Monkey, 60 hedge funds were bullish on The Coca-Cola Company (NYSE:KO), compared to 64 funds in the prior quarter. Warren Buffett’s Berkshire Hathaway is the largest stakeholder of the company, with 400 million shares worth over $25 billion. 

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