10 Best Retirement Stocks to Buy According to Hedge Funds

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

Beta Value: 0.60

Dividend Yield: 2.86%

Number of Hedge Fund Holders: 81

The Coca-Cola Company (NYSE:KO), best known for its famous Coca-Cola brand, is a beverage company with over 200 brands, including sodas, waters, coffees, teas, juices, kombuchas, and alcoholic beverages. In last year’s payment increase announcement, the company’s management claimed a 63-year run of consecutive increases, making it an obvious choice for a retirement portfolio.

On February 20, The Coca-Cola Company (NYSE:KO) increased its quarterly dividend, marking the beverage giant’s 63rd consecutive year of dividend increases. This rise lifts the yearly dividend to $2.04 per share, up from $1.94 last year.

On February 11, Citi analyst Filippo Falorni confirmed his Buy rating and price target of $85 for The Coca-Cola Company (NYSE:KO). Falorni’s decision follows the company’s Q4 2024 performance and projected profitability in 2025. Since pricing was 9% higher than the expected 5.9%, the company’s organic sales growth was 14% higher than the 7% consensus estimate.