5 Safe Stocks To Invest in For The Long Term in 2022

In this article, we discuss the 5 safe stocks to invest in for the long-term in 2022. If you want to read our comprehensive analysis of these stocks and the current market situation, go directly to 10 Safe Stocks To Invest in For The Long-Term in 2022.

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

Number of Hedge Fund Holders: 70

The Coca-Cola Company (NYSE:KO) is a dividend aristocrat, and has raised its dividend payments to shareholders for 60 consecutive years. This is testament to the firm’s market dominance and financial stability over the course of many decades. Its Coca Cola beverage is a household product all around the globe. Warren Buffett, arguably the world’s most famous and successful investor, has been building his position in The Coca-Cola Company (NYSE:KO) for decades, and is also the top shareholder of the firm in the fourth quarter with 400 million shares valued at $23.68 billion. In total, 70 hedge funds were long on the company shares during the fourth quarter, up from 61 hedge funds a quarter ago.

In the fourth quarter, The Coca-Cola Company (NYSE:KO) reported an EPS of $0.45, exceeding consensus estimates by $0.04. Quarterly revenue was up 10.08% year-on-year, coming in at $9.47 billion and outperforming analysts’ estimates by $579.32 million.

Evercore ISI analyst Robert Ottenstein in February maintained an ‘Outperform’ rating on The Coca-Cola Company (NYSE:KO) shares, and increased the price target to $70 from $63. Ottenstein sees the beverage-maker improving its long-term outlook and business model, and notes potential for continued sales growth of 5-6%, steady dividend increases and share buyback programs. The Coca-Cola Company (NYSE:KO) announced in February that it expects to resume its share repurchases in 2022 with a net repurchase of approximately $500 million.