Coca-Cola (NYSE: KO) stock blasted to an all-time high on Friday after reporting its second-quarter 2024 earnings earlier in the week. The consumer staple giant posted solid results and shared uplifting guidance. Here's why Coke deserves to be at an all-time high and why the dividend stock is worth buying now.

Unlike , which mostly operates its own production facilities, Coke leverages a global business model centered around royalties, franchised bottling partners, and a highly sophisticated supply chain. Its business model is perfect for capturing growth in global markets because it keeps the company's spending low and profit margins high.

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