10 Best Consumer Staples Stocks to Buy According to Analysts

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

Analyst Upside: 11.40%

Number of Hedge Fund Holders: 81

The Coca-Cola Company (NYSE:KO) manufactures and markets non-alcoholic beverages. It has a range of water, sports, coffee, and tea brands, including Costa Coffee, Georgia Coffee, Gold Peak Tea, Fuze Tea, and more.

The company holds 28% of the global market value in its non-alcoholic, ready-to-drink beverages categories, lending it a significant market position. It has a global presence and yet holds a considerable opportunity to capture market share, especially in the non-developed global regions. The Coca-Cola Company (NYSE:KO) recently announced its 63rd consecutive annual quarterly dividend increase of 5.2%, from $0.49 to $0.52.

In a report released on March 19, Robert Moskow from TD Cowen maintained a Buy rating on The Coca-Cola Company (NYSE:KO), with a price target of $78.00. He said the company holds a competitive edge due to its robust relationships with bottlers and effective marketing and procurement strategies. In addition, The Coca-Cola Company’s (NYSE:KO) focus on digitalization and enhancing bottler communication has bolstered its operational efficiency, further supporting the analysts’ bullish outlook on the stock. It ranks seventh on our list of the best consumer staples stocks to buy according to analysts.