In this article, we discuss the 5 safe stocks to buy for beginner investors. If you want to read our comprehensive analysis of these stocks and the current market situation, go directly to 12 Safe Stocks To Buy For Beginner Investors.
5. The Coca-Cola Company (NYSE:KO)
Number Of Hedge Fund Holders: 70
Another dividend king on our list, The Coca-Cola Company (NYSE:KO) is a global beverage giant that has interests in the manufacturing, retailing, and marketing of non-alcoholic beverage concentrates and syrups, and alcoholic beverages. With over 60 years of consecutive dividend growth, the company declared a quarterly dividend of $0.44 per share on February 17, a 4.8% increase from its prior dividend of $0.42.
For the fiscal first quarter of 2022, The Coca-Cola Company (NYSE:KO) announced that its quarterly revenues came in at $10.50 billion, up 16.44% on a year-over-year basis, and outperformed the market by more than $670.79 million. The company also reported an EPS of $0.64, beating expert estimates by $0.06.
A top dividend stock among investors and one of the best for beginner investors, around 70 hedge funds were long The Coca-Cola Company (NYSE:KO) at the end of Q4 2021. The total stakes of these funds were estimated to be $28.61 billion, up from $25.13 billion in the third quarter of 2021 with 61 positions. Among these hedge funds being tracked by Insider Monkey, Warren Buffett’s Berkshire Hathaway is a leading shareholder of the company, owning 400 million shares worth $23.6 billion.
ClearBridge Investments mentioned The Coca-Cola Company (NYSE:KO) in its “Dividend Strategy” fourth-quarter 2021 investor letter. Here is what the firm said:
“Over the last year, we have repositioned our portfolio to navigate the course we see ahead. We added to more defensive areas of the portfolio like consumer staples (Coca-Cola). While the next month or two will likely prove choppy on account of the Omicron variant, we believe that Omicron, like Delta, represents a speed bump on the way to recovery rather than a true change in course. We see strong economic momentum continuing in 2022 and we expect interest rates to rise. After a decade of remarkably low rates, we would not be surprised if this change in direction is accompanied by some fits and starts in the markets. With our emphasis on pricing power, purposeful sector exposure, valuation discipline, and a strong dividend profile, we believe we are well-positioned for the year ahead.”