10 Best Stocks To Buy For Financial Stability

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

Number of Hedge Fund Holders: 69

The Coca-Cola Company (NYSE:KO) is a beverage company. As per the report for the third quarter of 2024, the company reported a 1% decline in net revenues, totaling $11.9 billion, compared to the same period in the previous year. Despite this, organic revenues—which exclude the impacts of currency fluctuations and structural changes—experienced a 9% growth, driven by a 10% increase in price/mix. Operating income saw a significant decrease of 23%, primarily due to a $919 million charge related to the remeasurement of contingent consideration from the 2020 acquisition of Fairlife and adverse currency effects. In February, the company announced the launch of Coca-Cola Orange Cream for sale in the US and Canada. In January, Costco announced plans to replace Pepsi with Coca-Cola as its food court beverage supplier, marking a significant shift in the retail giant’s strategy and highlighting Coca-Cola’s growing market momentum.