Forget Coca-Cola. Here Are 2 Top Dividend Stocks to Buy Instead.
Coca-Cola (NYSE: KO) stock hasn't produced sparkling returns for investors over the past few years. Despite its impressive finances, the beverage giant's stock performance trailed the Dow Jones Industrial Average by a wide margin in 2023.
Wall Street is concerned about Coke's relatively weak sales outlook as consumer demand tilts away from traditional sodas. Shares also seem expensive, compared to industry peers.
The good news is that you've got some attractive options among dividend stocks if you're looking for alternatives to Coke stock today. Walmart (NYSE: WMT) has a similarly dominant market share, for example, and PepsiCo (NASDAQ: PEP) shares are valued at a discount compared to the beverage titan. Let's look at some excellent reasons to buy these two dividend giants instead of Coca-Cola right now.
Source Fool.com
