Coca-Cola (NYSE: KO) is an iconic company. Therefore, it is understandable that many investors would consider investing in the global beverage giant. However, while widespread consumer use of Coca-Cola products is a good sign, it does not always indicate the stock is a "buy."
Let's consider Coca-Cola's prospects and recent results, and weigh them against its valuation to determine if its stock represents a buying opportunity now.
In its most recent quarter, which ended on July 1, Coca-Cola's revenue increased by 12% from the same quarter the year before. The company has spent decades developing exclusive relationships with away-from-home destinations like restaurants. That's paying off as the economic reopening is gaining momentum in most parts of the world.
Source Fool.com