Where Will Coca-Cola Stock Be in 1 Year?
Coca-Cola (NYSE: KO) has been a reliable blue-chip stock to hold through bull and bear markets. It owns one of the world's most iconic beverage brands; it generates plenty of cash; it consistently buys back its own shares; and it's hiked its dividend annually for 61 straight years. That's probably why Warren Buffett has held Coca-Cola as a top stock in Berkshire Hathaway's portfolio over the past 35 years.
But over the past 12 months, Coca-Cola's stock has declined 7% as the S 500 advanced 15%, which suggests it might be fizzling out as stabilizing interest rates drive investors toward higher-growth stocks again. Let's see if Coca-Cola's stock looks set to bounce back or stay out of favor over the next 12 months.
Image source: Coca-Cola.
Source Fool.com
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