Coca-Cola Stock: Buy, Sell, or Hold?
Coca-Cola (NYSE: KO) is one of the quintessential blue-chip stocks. You'd be hard-pressed to find another product of any type that compares to the brand recognition of its flagship soda, and it's paid off for the company through the years.
Its stock is down around 4% this year, partly due to investors flocking toward tech and beaten-down growth stocks that have rallied in 2023. Despite lagging stock performance this year, Coca-Cola is positioned to be a great long-term investment.
In the first quarter, Coca-Cola made $11 billion in revenue, up 5% year over year. Its net income grew at a faster pace, increasing 11% year over year to $3.11 billion. Given the broader economy, the growth is impressive. With net income growth outpacing revenue growth, it's a sign that the beverage giant is operating more efficiently, even with its operating margins down year over year.
Source Fool.com
