While the market remains fixated on high-growth tech names, some mature consumer companies like Coca-Cola (KO) have quietly beaten the market so far this year. With another strong quarter, Coca-Cola is reminding Wall Street why quality businesses with dependable dividends can outperform even trillion-dollar tech players.
KO stock has climbed 27% year-to-date (YTD), surging another 5% on July 28 after reporting its second-quarter earnings. The Q2 report showed the company is still finding ways to grow.