Coca-Cola reported better-than-expected third-quarter results and is seen as a safe investment

From Nasdaq: 2024-10-29 04:42:00

Coca-Cola, a global brand with products in over 200 countries, recently reported better-than-expected third-quarter financial results. Despite a 1% decrease in net revenue, its pricing power allowed for a 9% jump in non-GAAP organic revenue. The brand’s economic moat and strong profitability make it a durable enterprise.

While Coca-Cola may not yield huge returns, with a 44% total return in the past five years, it operates in a mature industry with slow growth. Trading at a premium to the S&P 500, it may be seen as a safe investment during uncertain times. Investors seeking steady dividends may find value in Coca-Cola, especially with Warren Buffet as a shareholder.

Considerations before investing $1,000 in Coca-Cola include the fact that it wasn’t among the 10 best stocks identified by The Motley Fool Stock Advisor team. The service has historically outperformed the S&P 500 since 2002, providing guidance on building a successful portfolio. While Coca-Cola may not be a top pick, opportunities for significant returns exist with other recommended stocks.



Read more at Nasdaq: Coca-Cola Is a Top Warren Buffett Stock: Should You Buy It Right Now?