This week I decided to purchase more shares of the soft drink titan Coca-Cola (KO). I purchased another 20 shares at a price of $39.38 which was a bit higher than the last time I purchased KO back in February. With the recent market correction I was intending to make a purchase and had narrowed down my choices between Glaxo Smith Kline (GSK) and Coke. In the end I chose Coke but I don't think I could have went wrong with either one. This gives me a total of 61 shares.
The Coca-Cola Company (KO), a beverage company, engages in the
manufacture, marketing, and sale of nonalcoholic beverages worldwide.
This dividend king has raised dividends for over 50 years in a row.
KO Stock Chart
KO Basic Statistics
- Ticker Symbol: KO
- PE Ratio: 20.9
- Forward PE Ratio: 17.6
- Yield: 2.9%
- Dividend Growth 5yr: 12%
- Payout Ratio: 61%
- Market cap: $171 B
- Website: http://www.cocacola.com
Nice buy Captain. I would add more Coke, if it weren't already such a large part of my portfolio. I've owned KO shares for 5 or 6 years now, and have few complaints
ReplyDelete-Bryan
I know the feeling, every time I have enough funds to make another purchase I always seem to want to buy a stock I am overweight in. Sometimes I still buy it if I see real value there. In those cases I just remember I have a long way to go and my positions will eventually balance out but I try not to do that any more.
DeleteKO should be in everybody's portfolio, just like PEP.
ReplyDeleteThere's a lot worse stocks you can buy out there to say the least. :-)
DeleteGreat purchase captain.
ReplyDeleteI am looking to buy KO too as I mentioned in my watch list for August. Also looking at PEP as another option.
That's a beautiful dividend chart. You can't go wrong with KO. I don't believe in a buy and hold "forever" stock but KO and JNJ are probably the two closest to that philosophy.
ReplyDeleteThat's kinda the mindset I went in to this trade with. I don't think I'll lose much sleep holding Coke.
DeleteVery solid buy. KO is one of the biggest holdings in our dividend portfolio.
ReplyDeleteNice buy! KO is also on my list, but like some of the comments above, it's already a pretty large holding for my portfolio. It's a company I wouldn't mind going overweight in...
ReplyDeleteCaptain Dividend - would you mind adding my blog to your blogroll? I've added you to my page.
Take care!
Warrior
Thank you for the link! I'll be sure to add yours as well. Thanks for stopping by DW.
DeleteGreat addition Captain. Coke is one of a few companies that you should add shares to each and every year with no regrets.
ReplyDeleteHey Captain,
ReplyDeleteI also bought a couple of shares of (KO) through Loyal3. The price being under $40 is a good buying opportunity. I will agree that this is a hold onto forever stock. Keep up the great work!
Captain,
ReplyDeleteGreat buy. I think KO is hard stock to beat if you're buying it anywhere near fair value. It's one of my larger positions, but I'm always interested in adding a bit more at the right price.
Best wishes!
Nice add of KO! I'm glad to have it as one of my larger positions but I still want to add some more to it. Absolutely great company that should continue to churn out 5-10% annual increases for decades.
ReplyDeleteI know KO has made the radar of a few dividend bloggers out there ever since the price started to drift a bit below $40. There really isn't much to say about KO other than it's KO. The stock, company, history, dividend, management (at least recently, not in the 80s) is all incredible with the widest of moats. KO is one of those rare buy forever stocks that exists. Thanks for sharing this recent purchase. I just shared my August buys too.
ReplyDelete