#1 - Coca-Cola (NYSE:KO)
The first stock I’d encourage you to consider is The Coca-Cola Company (NYSE: KO). It’s a favorite of Warren Buffett. That may not be the right reason to own KO stock, but it’s not the wrong reason. Buffett looks for stocks to buy and hold forever. And that means companies that deliver consistent revenue and earnings.
In the face of difficult comparisons to 2021, Coke has been delivering record revenue while beating its earnings numbers on a year-over-year basis. Earnings growth is projected to continue at a single-digit clip of about 5% for the next five years. And investing in KO stock also gives you access to a dividend king with a dividend yield of over 2%.
By the way, if you prefer the taste of Pepsico, Inc. (NASDAQ: PEP) for your portfolio, that’s not a bad idea either. Many of the same points for Coke apply to PepsiCo as well. I’m giving Coke the nod here because it has a slightly better valuation, but both are likely to have no problem with earnings 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
- $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)
