Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
Investors who owned stocks in the 2010s generally experienced some big gains. In fact, the SPDR S&P 500 (NYSE:SPY) total return for the decade was 250.5%. But there’s no question some big-name stocks did much better than others along the way.
Coca-Cola’s Difficult Decade
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
One of the market laggards of the decade was soda giant Coca-Cola Co (NYSE:KO).
Coca-Cola is the textbook definition of a blue chip dividend stock. Despite U.S. soda consumption recently hitting a 30-year low, Coca-Cola continues to generate cash flow for investors and consistently raise its 2.7% dividend.
See Also: How The Dow Jones Industrial Average Changed Over The Past Decade
The 2010s were defined by Coca-Cola fighting the downward trend in U.S. soda consumption by diversifying its product offerings. Coca-Cola has invested heavily in non-sugary diet sodas, tea, juice, bottled water, energy drinks, coffee and other healthier drinks. Key investments include the company’s $2.15 billion investment in Monster Beverage Corp (NASDAQ:MNST) in 2015 and its $3.9 billion 2018 buyout of Costa Coffee. Coca-Cola has offset declining organic sales growth via these types of acquisitions coupled with asset divestments and the refranchising of its bottling operations.
Coca-Cola issued a two-to-one stock split back in 2012, so all the prices mentioned below are on split-adjusted terms.
Incredibly, Coca-Cola shares started the 2010s trading at around $28.50. The stock dipped as low as $24.74 by mid-2010, it’s lowest point of the decade. From that point forward, Coca-Cola shares marched steadily higher throughout the rest of the 2010s with few interruptions.
2020 And Beyond
Coca-Cola reached its decade high of $57.66 earlier this month. While the stock lagges the S&P 500 during the 2010s, Coca-Cola investors still made solid returns throughout the decade thanks to the stock’s dividend.
In fact, $100 worth of Coca-Cola stock in 2010 would be worth about $275 today, assuming reinvested dividends.
Looking ahead, analysts expect Coca-Cola to continue to march higher in 2020. The average price target among the 20 analysts covering the stock is $60, suggesting just 4.1% upside from current levels.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.