#2 - Coca-Cola (NYSE:KO)
Coca-Cola (NYSE:KO) is another stock that is drawing a lot of headlines for better or worse depending on your political leanings. However this is one of those times when you have to check your emotion at the door and consider the opportunity.
First of all, despite the absence of live events and businesses being closed, Coca-Cola posted revenue that was “only” 9% lower in 2020 than in 2019. That has to be encouraging as the economy reopens. Case in point, first quarter revenue was up approximately 5% from the prior year’s first quarter. And that’s with much of the country being under some form of mitigation.
Next Coke holds the status of a Dividend King. This means it has increased its dividend payout for at least 50 consecutive years (it’s 59 years for KO stock). And despite the pandemic the company managed to increase its dividend in 2020 and has done so again in 2021. Its three-year average rate of growth sits at over 10%.
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)
