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Coca-Cola ( KO 0.55%), the world's largest beverage company, is often considered an evergreen stock for patient investors.
The Coca-Cola system, comprising The Coca-Cola Company and its authorized bottling partners, supported over 1 million jobs across Africa in 2024.
Coca-Cola’s stock has surged nearly 16% year-to-date, while the benchmark Dow Jones and the S&P 500 have lost 11% and 13% during the same period, respectively.
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Across 54 African markets, The Coca-Cola Company and its authorized bottlers, collectively known as the Coca-Cola system, contributed $10.4 billion in economic activity across its value chain in 2024.
1. Coca-Cola is a well-run business Coca-Cola is a consumer staples maker since it, technically, produces food. The many beverages it produces are effectively a luxury version of a basic necessity.