#3 - Coca-Cola (NYSE:KO)
Coca-Cola (KO) - My case for Coca-Cola (NYSE:KO) can be summed up as follows. If it’s good enough for Warren Buffett, it’s good enough for your portfolio. But Buffett’s investing style isn’t for everyone. And some investors will need more assurance than just a dividend, particularly with a company that appears to be in the crosshairs of healthy new alternatives.
However, while Coca-Cola did say they expect the coronavirus to affect first-quarter earnings, the company is confident it can offset that hit on earnings over the course of 2020. There is no question that Coca-Cola has exposure to China which is a market that accounted for 14% of the company’s 2019 revenue. But, you buy a stock like Coca-Cola for its dividend and KO’s dividend is rock solid and was just increased in February.
Coca-Cola stock currently has a dividend yield of 3% and pays an annual dividend of $1.60 per share. The company has increased its dividend by an average of 3.48% over the past three years and has 57 consecutive years of annual dividend growth.
About Coca-Cola
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.
Read More - Current Price
- $63.92
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 13 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $72.36 (13.2% Upside)
