Coca-Cola (NYSE: KO) is an ideal example of a blue-chip stock. The well-known global brand innovates, and in recent times it has been more focused on diversifying its offerings. It grew organic sales by 6% in 2019, and net income per share by 9%.
The beverage giant is a decades-long top holding of famed investor Warren Buffett's Berkshire Hathaway, which maintains an ownership stake over 9% today. But Coca-Cola isn't the same company it was decades ago. It now has more than 500 brands, with a portfolio that includes water and hydration products, coffee and teas, juices, dairy, plant-based beverages, and energy drinks. Having several different avenues of growth is just one of the reasons why buying shares now could be a good move for your portfolio.
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Source Fool.com