Coca-Cola Stock: Buy, Sell, or Hold?
Coca-Cola (NYSE: KO) shares have become cheaper in 2023 even as the broader market surged. Investors can now purchase the beverage giant for close to the $60 per share it was trading at just before the pandemic struck markets in a big way in early 2020.
This weak stock price performance implies that Wall Street has low expectations around sales and earnings growth over the short term, especially if consumer spending slows toward a recession. But Coke might still deliver impressive returns over several years, regardless of what selling conditions characterize the next few quarters.
With that big picture in mind, here's why the stock looks great as a long-term buy right now.
Source Fool.com
