Dividend Kings and Aristocrats List: 10 Biggest Stocks

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

Market Cap as of January 28: $261.5 billion 

The Coca-Cola Company (NYSE:KO) is a Georgia-based multinational beverage company that has operations in over 200 countries and territories. The company holds one of the longest dividend growth streaks of 60 years. It offers a per-share dividend of $0.44 every quarter and has a dividend yield of 2.91%, as of January 28.

Appreciating the company’s strong execution and ongoing investments, Atlantic Equities raised its price target on The Coca-Cola Company (NYSE:KO) to $69 in December, with an Overweight rating on the shares.

Warren Buffett’s Berkshire Hathaway was the leading stakeholder of The Coca-Cola Company (NYSE:KO) in Q3 2022. Overall, 59 hedge funds in Insider Monkey’s database owned investments in the company in Q3, worth over $25 billion.

Rowan Street Capital mentioned The Coca-Cola Company (NYSE:KO) in its Q4 2022 investor letter. Here is what the firm has to say:

“Let’s take The Coca-Cola Company (NYSE:KO) for example. Its dividend yield is 2.8%, earnings are estimated to grow at only 3.6% rate per year over next 4 years, and its earnings multiple is currently at 24x (based on next years forecasted earnings). KO has an anemic growth, so we can argue that paying 24x earnings is not very attractive. Let’s assume that the multiple will stay constant over the next 3-5 years, thus our expected annual returns will be 2.8%+3.6% = 6.4% (that is below the current reported inflation rate and only slightly above the risk-free rate of 4%).”