This Is the Best Time to Buy These 5 Long-Term Dividend Stocks

In this article, we will be taking a look at 5 long-term dividend stocks to buy right now. To read our detailed analysis of these stocks and dividend investing, you can go directly to our article This Is the Best Time to Buy These 10 Long-Term Dividend Stocks.

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

Number of Hedge Fund Holders: 64

Dividend Yield as of November 1: 2.94%

The Coca-Cola Company (NYSE:KO) is a consumer staples company offering nonalcoholic beverages across the globe. It is based in Atlanta, Georgia.

A Buy rating was reiterated on The Coca-Cola Company (NYSE:KO) shares on October 26 by Peter Grom at UBS. The analyst also raised his price target on the stock from $63 to $68.

The Coca-Cola Company (NYSE:KO) is one of the top dividend-payers today, having raised its dividend for the past 60 years consistently. It reported revenue growth of 11% for the third quarter, including a 4% growth in concentrate sales. Since the company is also a defensive stock, being in the consumer staples sector, it is considered a strong play in inflationary times.

Out of 895 hedge funds tracked in the second quarter, 64 funds were long The Coca-Cola Company (NYSE:KO). Their total stake value was $29.2 billion.

Aristotle Capital Management, LLC, an investment management company, mentioned The Coca-Cola Company (NYSE:KO) in its second-quarter 2022 investor letter. Here’s what the firm said:

“The Coca-Cola Company (NYSE:KO), the global beverage business, was a leading contributor for the period. Coca-Cola continues to benefit from the refranchising of its bottling operations and realignment of incentives, catalysts we previously identified. These initiatives are demonstrating their strength in an inflationary and supply-chain-challenged environment. Additionally, the company has focused on evolving its customer engagement practices by leveraging digital and social medias for targeted campaigns, such as the design and launch of Coke Byte in the metaverse. Lastly, Coca-Cola has furthered its transformation into a total beverage company, as it debuted its new Jack Daniel’s Tennessee Whiskey and Coca-Cola ready-to-drink premixed cocktail. Although uncertainties surrounding cost pressures, lockdowns and geopolitical conflicts remain, we believe Coca-Cola is uniquely positioned to successfully continue its transition toward a total beverage business.”