economy
This Warren Buffett Classic Stock is a Great Buy Right Now That Will Compound for Years, Bank of America Says
Coca-Cola is a multiyear global consumer compounder with “significant runway,” according to the firm.
TL;DR
- Bank of America has a buy rating on Coca-Cola stock with a $90 price target.
- Coca-Cola's 'all-weather strategy' aims to create new beverage occasions and drive global hydration.
- The company has consistently delivered returns through strong brand identity, international distribution, and predictable cash flow.
- Coca-Cola has a dividend yield of 2.6% and has increased its dividend for 64 consecutive years.
- The stock has gained 49% in the past five years on a price basis, with a total return of nearly 73% including reinvested dividends.
- Coca-Cola Zero Sugar has outperformed legacy brands.
- Acquiring Monster Beverage could be a catalyst, given Coca-Cola's existing stake and Monster's leverage of Coca-Cola's bottling system.
- 21 out of 26 analysts covering Coca-Cola have a buy or strong buy rating.