Jim Cramer Just Turned Bullish on These 5 Stocks

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

Number of hedge fund holders: 60  

The Coca-Cola Company (NYSE:KO) is a Georgia-based beverage company. The former Goldman Sachs employee recently named the firm among a basket of dividend-paying firms he was bullish on. Cramer said that the firm was “textbook defensive stock” since the high dividend yield offered investors protection from market swings. 

On September 6, HSBC analyst Carlos Laboy maintained a Buy rating on The Coca-Cola Company (NYSE:KO) stock and raised the price target to $76 from $72, noting the firm had new revenue drivers in Latin America. 

Among the hedge funds being tracked by Insider Monkey, Nebraska-based firm Berkshire Hathaway is a leading shareholder in The Coca-Cola Company (NYSE:KO) with 400 million shares worth more than $25 billion.