Coca-Cola To Offer Cane Sugar Alternative
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US stock futures traded flat as investors prepared for earnings season to pick up steam, with Big Tech earnings ahead.
Coca-Cola ( KO -0.20%) is an iconic consumer staples giant. The stock has long been a holding in Warren Buffett-run Berkshire Hathaway 's ( BRK.A -0.63%) ( BRK.B -1.30%) stock portfolio, which is a huge vote of confidence in the business.
Coca-Cola's iconic brand power hasn't translated into strong investment returns. Click here to read what makes KO stock a Sell.
The Coca-Cola Company (NYSE:KO) will release earnings results for the second quarter, before the opening bell on Tuesday, July 22. Analysts expect the beverage company to report quarterly earnings of 84 cents per share,
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Entering trading this week, the stock has remained a solid buy, generating year-to-date returns of around 15%. Overall, if you want a good dividend stock that you can put in your portfolio and not worry about, Coca-Cola can make for an excellent option.
KO stock is trading at 5.5x sales compared to the last five-year average of 6.8x, and we believe investors will likely be better off picking Coca-Cola for robust gains in the long run.
The Coca-Cola Company (NYSE:KO) is included among the 11 Best Halal Dividend Stocks to Buy Now. The Coca-Cola Company (NYSE:KO) has been in business for more than 100 years, and its long-standing presence and global reach are part of why it’s among Warren Buffett’s top picks.
The most-chosen retail brand has worked its way through one stock dividend and 10 forward splits, and turned a $40 initial investment into more than $639,000!