John Fattibene, Director of Financial Planning at Harvest Financial Partners, says The Coca-Cola Company (KO) is a solid global growth story, with an above-market dividend and the ability to deal with temporary headwinds.
“[Coke’s] got a 2.9% dividend yield. It’s obviously a mature company, facing a number of issues as carbonated beverage volumes are slowing. Coke’s faced a number of issues in the past, and it’s dealt with them all successfully over time,” Fattibene said.
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The Coca-Cola Company has the characteristics that make up a high-quality company, Fattibene says, and though it is a mature company has doubled its net profit over the last 10 years.
“Coke pays an above-market dividend, it has very high returns on equity, which is one way you can measure quality. It’s very reasonably financed, another way we measure quality. It commits a lot of the free cash flow it generates, and they generate a lot of it, to go back to shareholders,” Fattibene said.
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