15 Best Defensive Stocks Amid Market Volatility

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

Beta: 0.58

Number of Hedge Fund Holders: 81

The Coca-Cola Company (NYSE:KO) is a global beverage company with a portfolio of over 200 brands, including Coca-Cola, Sprite, Fanta, and Minute Maid. The company has a strong distribution network spanning over 200 countries with which it generates consistent revenue from its diverse range of carbonated soft drinks, juices, and bottled water. It is consistently ranked among the top most valuable brands worldwide.

In a March 19 report, TD Cowen analyst Robert Moskow reiterated his Buy rating on The Coca-Cola Company (NYSE:KO) with a price target of $78. The analyst attributed the company’s competitive strength to its strong relationships with bottlers and its effective marketing and procurement strategies. Although there are challenges like weakening consumer confidence and potential regulatory shifts in the U.S., he highlighted company’s “all-weather strategy” and resilient bottling system that have helped it navigate market volatility over the past five years.

Additionally, the analyst pointed to management’s effective handling of the current consumer landscape, and ability to maintain an organic sales growth forecast of 6% for 2025. The company’s focus on digitalization and improved communication with bottlers has enhanced operational efficiency which further reinforces the positive outlook on the company.