Citi has initiated coverage of The Coca-Cola Company (NYSE:KO) with a Buy rating and a $68 price target, highlighting its status as a top defensive stock for recessionary conditions. The growing institutional support is underscored by 58 hedge funds holding stakes in the company, notably including Warren Buffett's Berkshire Hathaway, which has a $25 billion investment. Adding to the positive sentiment, Morgan Stanley has increased its price target for Coca-Cola to $70, reinforcing bullish expectations for the company's performance.
“Coca-Cola Company (NYSE:KO) · buy rating · Citi's rating · $68 price target”
“Coca-Cola Company (NYSE:KO) · number of hedge fund holders · total · 58”
“Coca-Cola Company (NYSE:KO) · biggest stakeholder · Warren Buffett’s Berkshire Hathaway Inc. · $25 billion stake”
“The Home Depot, Inc. (NYSE:HD) · number of hedge fund holders · total · 62”
“Costco Wholesale Corporation (NASDAQ:COST) · number of hedge fund holders · total · 66”
“The Coca-Cola Company (NYSE:KO) · is considered · one of the best defensive stock picks · for a recessionary environment”
“Citi · started covering · The Coca-Cola Company (NYSE:KO) · with a Buy rating and a $68 price target”
“Morgan Stanley · kept · an Overweight rating on The Coca-Cola Company (NYSE:KO) · raised price target to $70”
“58 hedge funds · had stakes in · The Coca-Cola Company (NYSE:KO) · as of the end of the fourth quarter of 2022”
“Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK-B) · was the biggest stakeholder of · The Coca-Cola Company (NYSE:KO) · with a $25 billion stake”
“The Home Depot, Inc. (NYSE:HD) · is considered · one of the best picks for any starter stock portfolio”
“UBS · ran · a machine-learning model · to select its top dividend picks”
