5 Best Safe Dividend Stocks For Retirement Portfolios

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

Coca Cola is one of the best stocks to add to any retirement portfolio. The company has increased its dividend for 60 consecutive years. In October, the stock jumped after the company crushed the Street’s estimates and posted an 11% revenue growth. Organic sales in the period jumped 16%. In August, UBS named Coca-Cola Company (NYSE:KO) one of its high-conviction stocks. The firm said that the company has shown “willingness” to pursue higher growth opportunities in recent years through M&A, investment into core brands and innovation.

As of the end of the second quarter, 60 hedge funds had stakes in Coca Cola. Warren Buffett’s Berkshire Hathaway owns a stake worth over $25 million in the company. The Oracle of Omaha has been a shareholder in the company since 2010.

Here is what Aristotle Capital specifically said about The Coca-Cola Company (NYSE:KO) in its Q2 2022 investor letter:

“The Coca-Cola Company (NYSE:KO), the global beverage business, was a leading contributor for the period. Coca-Cola continues to benefit from the refranchising of its bottling operations and realignment of incentives, catalysts we previously identified. These initiatives are demonstrating their strength in an inflationary and supply-chain-challenged environment. Additionally, the company has focused on evolving its customer engagement practices by leveraging digital and social medias for targeted campaigns, such as the design and launch of Coke Byte in the metaverse. Lastly, Coca-Cola has furthered its transformation into a total beverage company, as it debuted its new Jack Daniel’s Tennessee Whiskey and Coca-Cola ready-to-drink premixed cocktail. Although uncertainties surrounding cost pressures, lockdowns and geopolitical conflicts remain, we believe Coca-Cola is uniquely positioned to successfully continue its transition toward a total beverage business.”