5 Most Profitable Food Stocks

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

Latest TTM Net Worth: $10.77 billion

Number of Hedge Fund Holders: 57

Established in 1892, The Coca-Cola Company (NYSE:KO) stands as a prominent multinational American corporation renowned for its iconic beverage, Coca-Cola, and an extensive range of non-alcoholic beverage concentrates, syrups, and alcoholic beverages. Demonstrating robust financial performance in the first half of FY23, the company achieved an operating cash flow of $4.6 billion and free cash flow of $4 billion. This underscores The Coca-Cola Company’s (NYSE:KO) strong cash generation capabilities, positioning it favorably to meet future shareholder commitments. As of December 20, the company offers a quarterly dividend of $0.46 per share, resulting in a yield of 3.19%.

With an impressive track record of consistent dividend increases spanning six decades and a resilient business model, The Coca-Cola Company (NYSE:KO) has garnered attention from both individual and institutional investors. As of the end of the third quarter, among the 910 funds tracked by Insider Monkey, 57 hedge funds held positions in the company. Notably, Warren Buffett remained a significant investor, maintaining a substantial stake valued at $22.39 billion in The Coca-Cola Company (NYSE:KO).

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