Jim Cramer Loves These 5 Stocks

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

Number of Hedge Fund Holders: 64

Total Value of Hedge Funds’ Holding: $29,170,833,000

The Coca-Cola Company (NYSE:KO) is an Atlanta, Georgia-based non-alcoholic beverages company that received a Buy rating by Jim Cramer on April 25 following its Q1 2022 results. Cramer appreciated the management team for an outstanding quarter and termed The Coca-Cola Company (NYSE:KO) stock as an endurable and investable stock.

A similar sentiment was reiterated by the equities research team at Bank of America, which included The Coca-Cola Company (NYSE:KO) stock in the “US 1” list. The list comprises the best investment ideas among the stocks that have been given a Buy rating. The Coca-Cola Company (NYSE:KO) reported stronger-than-expected revenue and earnings results for the quarter as the company revealed an 8% rise in volume due to positive demand for drinks like Powerade and Coke Zero Sugar.

ClearBridge Investments mentioned The Coca-Cola Company (NYSE:KO) in their second-quarter investor letter for 2021. Here’s what was said by the asset management company:

“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.”

Overall, 64 funds held a stake in The Coca-Cola Company (NYSE:KO) at the end of Q1 2022.