Retirement Stock Portfolio: 5 Consumer Stocks To Consider

In this article, we discuss the 5 consumer stock options to add to your retirement portfolio. If you wish to see more such stocks within our list, you can go directly to read the Retirement Stock Portfolio: 12 Consumer Stocks To Consider.

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

Number of Hedge Fund Holders: 61

Founded in 1892, The Coca-Cola Company (NYSE:KO) stands as a renowned American multinational corporation celebrated for its iconic beverage, Coca-Cola. In addition to its flagship product, the company is extensively involved in the manufacturing, distribution, and promotion of a diverse array of non-alcoholic beverage concentrates, syrups, and notably, alcoholic beverages within the beverage industry.

During the first half of FY23, the company reported $4.6 billion in operating cash flow, with free cash flow reaching $4 billion for the same period. This underscores The Coca-Cola Company’s (NYSE:KO) robust cash generation capabilities, positioning it favorably to meet its commitments to shareholders in the upcoming quarters. As of October 12, the company distributes a quarterly dividend of $0.46 per share, resulting in a strong yield of 3.43%.

Backed by a notable track record of consistent dividend increases spanning six decades and a business model resilient to economic downturns, The Coca-Cola Company (NYSE:KO) has garnered heightened attention from both individual and institutional investors. By the close of the second quarter, out of the 910 funds monitored by Insider Monkey, 61 hedge funds had stakes in the company. Most notably, Warren Buffett emerged as the largest investor, maintaining a significant stake valued at $24 billion in The Coca-Cola Company (NYSE:KO).