5 Best Blue Chip Dividend Stocks

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

Number of Hedge Fund Holders: 62

Dividend Yield: 3%

The Coca-Cola Company (NYSE:KO), a world-famous food and beverage company, is among the best blue chip dividend stocks investors have been eyeing. The company operates as an MNC incorporated under Delaware’s General Corporation Law.

Morgan Stanley’s Dara Mohsenian holds an Overweight rating and a $65 price target on shares of The Coca-Cola Company (NYSE:KO) as of this November.

The Coca-Cola Company’s (NYSE:KO) third quarter results show an EPS of $0.65, beating estimates by $0.07. The company’s revenue was $10.04 billion, beating estimates by $321.89 million. The company has also gained 3.44% in the past six months and 7.30% year to date.

As of the second quarter, 62 hedge funds held stakes in The Coca-Cola Company (NYSE:KO), compared to 61 hedge funds in the previous quarter.