Why Coca-Cola Is a Retiree's Dream Stock
Have you had a Coke recently? What about a Sprite or a Fuze tea? With 200 brands worldwide, including more than 800 drink varieties in the U.S. alone, Coca-Cola (NYSE: KO) is one of the most recognized drink companies in the world. And it can offer investors a lot more than just thirst relief on a summer day. Let's take a look at why it's a solid long-term stock for your retirement portfolio.
Coke is a classic example of a cash cow, one that continuously supplies as it gets milked.
For the first quarter of 2020, which ended March 27, the company saw a 1% net revenue decrease with flat organic revenue. Comparable currency-neutral operating income increased 11%, and earnings per share grew 65% to $0.64. Those are pretty solid numbers in the middle of a pandemic during which people aren't getting drinks at entertainment venues and are carefully watching their budgets. Before COVID-19 hit, Coca-Cola had strong and consistent growth at its 4% to 6% goals, and the company met those goals over 11 straight quarters.
Source Fool.com
