#2 - Coca-Cola (NYSE:KO)
When it comes to consumer staples stocks, it’s hard to not include The Coca-Cola Company (NYSE: KO). The stock is well known as a favorite of Warren Buffett, and when you consider Buffett’s desire to own “forever stocks” it’s logical that you should include it as well.
Coke has many impressive attributes, but when you put in context that the company is still a beverage company, the company’s history of reinventing itself while staying true to its legacy brand is truly impressive.
Over the last five years, the KO stock price has climbed 38%. But some critics may point out that the stock is selling at basically the same price it did before the pandemic. Still, Coke has one of the strongest profit margins in the industry. And the 38% share price appreciation doesn’t include the company’s dividend. Coke is another Dividend King and has increased its dividend for 62 consecutive years.
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
- $62.55
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 2 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $72.50 (15.9% Upside)
