Is Coca-Cola Stock a Buy Now?
Coca-Cola (NYSE: KO) stock has had a dismal year. As 2023 draws to a close, it's down 7% while the S&P 500 is up by 23%. Although the beverage giant beat the market in 2022, that was an aberration from a trend that has been ongoing for decades.
But investing is all about the future, not the past. So let's look forward and consider whether or not Coca-Cola stock is a buy right now.
Coca-Cola is already the largest beverage company in the world, but that's not stopping it from innovating and reporting strong sales growth. It has been managing through years of challenging times, beginning with the pandemic, and moving into the recent inflationary environment.
Source Fool.com
