13 Best Forever Stocks to Buy Right Now

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

Number of Hedge Fund Holders: 69

The Coca-Cola Company (NYSE:KO) is a global beverage industry leader best known for its famous brand, Coca-Cola. Aside from its flagship product, the company produces, sells, and distributes a wide variety of non-alcoholic beverages, including syrups, concentrates, and more recently, alcoholic beverages.

On February 11, Citi analyst Filippo Falorni reiterated his Buy rating and price target for The Coca-Cola Company (NYSE:KO) at $85 per share. Falorni’s judgment is based on the company’s Q4 2024 performance and projected profits for 2025. Due to pricing that was 9% higher than expected (5.9%), the company’s organic sales growth came in 14% higher than the consensus expectation of 7%. Furthermore, concentrate sales climbed by 5% rather than the expected 1%, surpassing predictions.

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