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4. The Coca-Cola Company (NYSE:KO) is 1.1% in the green as of 10:46 AM ET after the Atlanta, Georgia-based non-alcoholic beverages company reported better-than-expected revenue and EPS results for Q1 2022. The Coca-Cola Company (NYSE:KO) was helped by a rebound in demand along with higher prices for its goods. Net revenue increased by 16% YoY to $10.5 billion and surpassed consensus estimates of $9.83 billion comprehensively. Meanwhile, EPS was posted at 64 cents, six cents higher than the consensus forecast of 58 cents. The Coca-Cola Company (NYSE:KO) also revealed that its annual EPS would fall by four cents due to suspended operations in Russia. However, the company reiterated its annual EPS growth forecast of 5% to 6%.

As of Q4 2021, The Coca-Cola Company (NYSE:KO) was held by 70 hedge funds.