5 Blue Chip Stocks in Warren Buffett’s Portfolio

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

Number of Hedge Fund Holders: 70

The Coca-Cola Company (NYSE:KO) is among the blue chip stocks in Warren Buffett’s portfolio that helped the billionaire investor make $4.6 billion in only dividends just last year. The company operates in the consumer staples sector, producing non-alcoholic beverages for consumption. Some of its brands include Fresca, Sprite, and Fanta.

Evercore ISI’s Robert Ottenstein holds an Outperform rating on shares of The Coca-Cola Company (NYSE:KO) as of this February.

The company’s EPS in the fourth quarter of 2021 was $0.5, beating estimates by $0.04. The Coca-Cola Company (NYSE:KO) also had revenue of $9.5 billion in this quarter, beating estimates by $579.3 million. The stock has gained 12.1% in the past six months and 1.9% year to date as well.

Our hedge fund data for the fourth quarter of 2021 shows 70 hedge funds long The Coca-Cola Company (NYSE:KO) in that quarter. Their total stake value was $28.6 billion.