5 Most Profitable Food Stocks

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

Trailing Twelve Month Net Income: $9.5 billion

Number of Hedge Fund Holders in Q4 2022: 58

The Coca-Cola Company (NYSE:KO) is one of the biggest carbonated drink companies in the world, which sells beverages such as juices, coffee, and energy drinks alongside its signature Coca-Cola.

The Coca-Cola Company (NYSE:KO) jumped in on the current hype surrounding ChatGPT when it announced in February 2023 that it is the first to sign up for an alliance to bring ChatGPT’s ideas to marketing and other functions. As of Q4 2022, 58 of the 920 hedge funds part of Insider Monkey’s study had invested in the firm.

Warren Buffett’s Berkshire Hathaway is The Coca-Cola Company (NYSE:KO)’s largest shareholder with a $25 billion stake that comes via 400 million shares.

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