#7 - Coca-Cola (NYSE:KO)
Coca-Cola (NYSE: KO) - Coca-Cola fits the model of a stock that moves upwards, albeit sometimes in fits and starts that is consistent with the beverage industry. Like virtually every player in this space, KO is turning the classic image of a soft drink company on its head. And with brands such as Dasani water, Zico coconut water, and Honest T tea in their portfolio, there's room for growth without relying on the fluctuations that can come from their iconic brand. Sales and earnings continue to grow and propel the stock forward. Over the past several years, the stock has had some sharp pullbacks, but in every case, it has led to the stock ascending to higher highs. The future continues to look bright as Warren Buffett's investment firm Berkshire Hathaway (BRK) recently announced it was maintaining a sizable stake in the manufacturer. There is also speculation that KO will be one of the first beverage makers to introduce CBD products that will tap into the growing cannabis market.
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
- $63.24
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $68.83 (8.8% Upside)
