5 Best Stocks to Buy for Early Retirement

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

Number of hedge fund holders: 61

The Coca-Cola Company (NYSE: KO) is a Georgia-based beverage firm founded in 1892. It is ranked third on our list of 10 best stocks to buy for early retirement. Coca-Cola stock has returned more than 21% to investors in the past year. The firm is one of the largest and most famous beverage companies in the world and owns brands such as Coca-Cola, Fanta, Fresca, Schweppes, Sprite, Aquarius, Ciel, Dasani, Ice Dew, Powerade, Minute Maid, Simply, Ayataka, Costa, and Kochakaden, among others. 

The Coca-Cola Company (NYSE: KO) posted earnings results for the first three months of 2021 in April, reporting a revenue of $9 billion that beat market estimates by $370 million. The earnings per share over the period were $0.55.

Out of the hedge funds being tracked by Insider Monkey, Nebraska-based firm Berkshire Hathaway is a leading shareholder in The Coca-Cola Company (NYSE: KO) with 400 million shares worth more than $21 billion. 

Just like Cisco Systems, Inc. (NASDAQ: CSCO) and Duke Energy Corporation (NYSE: DUK-PA), The Coca-Cola Company (NYSE: KO) is one of the best stocks to buy for early retirement.