10 Best Stocks to Buy According to Billionaire Steve Cohen

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

Point72 Asset Management’s Q4 Stake: $360.57 million

Number of Hedge Fund Holders: 81

The Coca-Cola Company (NYSE:KO), best known for its iconic Coca-Cola brand, is a beverage company that produces over 200 brands, including sodas, waters, coffees, teas, juices, kombuchas, and alcoholic drinks. The firm has 28% of the global market value in its non-alcoholic, ready-to-drink beverage categories, giving it a strong market position.

On February 20, The Coca-Cola Company (NYSE:KO) boosted its quarterly dividend for the 63rd consecutive year. This increase brings the annual dividend to $2.04 per share, up from $1.94 last year.

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