Coca-Cola Stock Sell-Off: Should You Buy the Dip?
Coca-Cola (NYSE: KO), which has a roughly 3% dividend yield on its stock, is a company that just about everyone on planet Earth knows. That's a statement to how well run a business it is, which is buttressed by the fact that Coca-Cola is a dividend King, with over 60 consecutive annual dividend increases under its belt.
With the stock pulling back 10% from its 52-week highs, is now the time to buy? Here's what you need to know.
Coca-Cola, with its $285 billion in market capitalization, is the world's most important nonalcoholic beverage company. That places the drinks giant squarely in the consumer staples sector. Consumer staples stocks tend to be consistent businesses because they sell largely necessity products that are purchased on a regular basis, and that generally get sold at modest, if not low, prices relative to their benefit.
Source Fool.com
