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While the market sorts out what appears to be a slightly hotter than expected January CPI Report, Coke (KO) reported an excellent 4Q22 earlier this morning. Organic revenue was +15% and they guided 2023 organic revenue to +7-8% and comparable currency-neutral EPS to +7-9%. While – like Pepsi (PEP) – it’s a little expensive at 23x 2023 EPS guidance, it also pays a 2.90% dividend.
Depending on your risk tolerance, KO PEP and similar stocks can provide nice stability to your portfolio. You can’t go wrong with KO.
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