As the end of the year draws near, some of you may be expecting a nice bonus at work, while others might be gifted some cash for the holidays. Whatever the case, now could be a terrific opportunity to tuck some of that hard-earned money away in an investment account.

While much of 2023 was dominated by headlines surrounding advancements in artificial intelligence (AI), other sectors have gone overlooked. When it comes to consumer brands, one stock that looks particularly undervalued is Coca-Cola (NYSE: KO). While the beverage company may not carry the same allure as high-growth tech, Coca-Cola's steady growth and generous dividend make it an attractive opportunity for investors looking to make the most of some excess cash.

Despite a respectable business performance so far in 2023, Coca-Cola stock is down roughly 8%.

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Source Fool.com