In 2023, many stocks bounced back from declines in 2022, particularly in the tech sector. But some quality companies experienced a price swoon, creating some great buy opportunities. One blue chip stock in this camp is Coca-Cola (NYSE: KO), which hit a 52-week low on Oct. 6, and currently remains not far from that price.

Shares are down due to a number of factors, including the macroeconomic headwind of inflation and the perceived effect of appetite suppressant drugs. But these factors affect the stock in the short term.

Coca-Cola's performance as a company is what makes the biggest difference in the share price over the long run. Let's take a look at where Coca-Cola is today, and examine the elements of the business that make it a worthwhile long-term investment.

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Source Fool.com