Coca-Cola: A Powerful Brand
With the stock market's recent sell-off, we think this is an attractive opportunity to buy shares of Coca-Cola Company (KO; $46), a high-quality company trading at a below historical valuation. Although Coca-Cola has limited direct exposure to commodity inflation, we at Standard & Poor's Equity Research think its operations will benefit from the recent softening of raw material costs as cost pressures on its bottlers ease. Longer term, we expect earnings growth to be driven by continued international expansion, product innovation, and increased productivity.
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