11 Best Coffee Stocks to Buy Now

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

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.