10 Best Long Term Stocks to Buy According to Billionaires

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

Number of Billionaire Holders: 16

The Coca-Cola Company (NYSE:KO) is one of the best long term dividend stocks because of its strong cash position and long dividend growth streak. The stock has the support of Warren Buffett, a widely followed figure among global investors. The company is behind some of the world’s most recognized beverages, offering not just its flagship Coca-Cola products but also a wide range of nearly 200 non-alcoholic, ready-to-drink brands. This lineup features familiar favorites such as Sprite, Fresca, Minute Maid, and Fairlife.

The Coca-Cola Company (NYSE:KO) reported strong results in FY24. The company’s revenue for the year came in at $91.8 billion, up from $91.4 billion in 2023. Its operating profit also rose to $12.8 billion, from $11.9 billion the year before. The company’s net income sat at $9.6 billion. Looking ahead to fiscal 2025, the company expects organic revenue to grow at a low single-digit rate, while core earnings per share are projected to rise by a mid-single-digit percentage, assuming constant currency conditions.

The Coca-Cola Company (NYSE:KO)’s cash generation also remained strong in FY24, with its operating cash flow coming in at $12.5 billion. The company plans to return $7.6 billion to shareholders via dividends. In February this year, KO achieved its 53rd consecutive annual dividend hike, which makes it a strong dividend payer for long term growth. It currently pays a quarterly dividend of $1.355 per share and has a dividend yield of 2.84%, as of April 15.