5 Best Dividend Stocks for Long Term

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

Number of Hedge Fund Holders: 61
Dividend Yield: 3.09%

The Coca-Cola Company (NYSE: KO) is a beverage company that manufactures and sells a range of non-alcoholic beverages across the world. The company’s brands include Coca-Cola, Diet Coke/Coca-Cola Light, Fanta, Fresca, and a range of others. It ranks 2nd on our list of the best dividend stocks for long term.

This June, The Coca-Cola Company (NYSE: KO) was among the consumer staples stocks mentioned by UBS as being good investment options based on a screening test that analyzed stocks on their pricing power, margin momentum, and input cost exposure. Argus also reiterated its Buy rating on the stock in its defense after a snub by Cristiano Ronaldo at the European soccer championships. The firm has a $63 price target on the stock, with analyst Chris Graja commenting that the company’s earnings are expected to improve with reopening economies and returning consumers. Credit Suisse has an Outperform rating on the shares as well, with a $62 price target as of the same month.

In the first quarter of 2021, The Coca-Cola Company (NYSE: KO) had an EPS of $0.55, beating estimates by $0.05. The company’s revenue was $9.02 billion, up 5.2% year over year and beating estimates by $388.98 million, and it has a gross profit margin of 59.42%. The stock has gained 6.34% in the past 6 months and 2.96% year to date, while The Coca-Cola Company (NYSE: KO) has also regularly made dividend payments for the past 59 years.

As of the end of the first quarter of 2021, 61 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Coca-Cola Company (NYSE: KO) worth roughly $24.9 billion. This is compared to 62 hedge funds in the previous quarter with a total stake value of about $24.6 billion.