8 Best Consumer Staples Stocks To Buy Right Now

4. The Coca-Cola Company (NYSE:KO)  

Number of Hedge Fund Investors: 68

The Coca-Cola Company (NYSE:KO) is one of the most recognized brands in the world, primarily known for its flagship soft drink. The company’s vast beverage portfolio includes sodas, water, juices, teas, and energy drinks under various brands such as Sprite, Fanta, and Dasani. The company operates in over 200 countries and is adapting to changing consumer preferences by offering more low-sugar and healthier beverage options.

One of the company’s most promising growth opportunities is its partnerships with the makers of alcoholic beverages. In March 2023, The Coca-Cola Company (NYSE:KO) began marketing a ready-to-drink beverage that combines Jack Daniel’s whisky and Coca-Cola in America.

On September 17, The Coca-Cola Company (NYSE:KO) and Bacardi Limited announced a new agreement to launch BACARDI rum mixed with Coca‑Cola as a ready-to-drink (RTD) pre-mixed cocktail. This partnership will bring the classic combination of BACARDI rum and Coca‑Cola to consumers in a pre-mixed format. The BACARDI Mixed with Coca‑Cola RTD cocktail is set to debut in several global markets, with an initial rollout planned for select European markets and Mexico in 2025.

In addition to its partnerships with alcoholic beverage makers, The Coca-Cola Company (NYSE:KO) is also expanding its existing brands. Fuze Tea, which was developed with European tastes in mind and launched in many countries in Europe, has a strong momentum, according to the company. Powerade, the company’s energy drink, is also generating volume growth, and Minute Maid Zero, a line of juices launched in 2020, is a key growth engine of the Minute Maid portfolio. These brands have the potential to drive growth for the company and increase its market share in the beverage industry.

The Coca-Cola Company’s  (NYSE:KO) strong brand name is one of its most valuable assets. The company is well-known and respected around the world, and it offers over 500 brands in more than 200 countries. This widespread presence and recognition gives The Coca-Cola Company (NYSE:KO) a significant advantage in the beverage market.