Coca-Cola (KO) stock has risen 31% so far in 2026, outperforming the broader market. The author argues the company still has a long growth runway in developing markets, where only 25% of drinks are paid for, compared with 75% in developed markets, according to CEO Henrique Braun. Coca-Cola sells in over 200 countries and owns brands such as Fanta, Del Valle and Thums Up, with seven of the top 10 brands in India. Unit case volume grew 5% year over year last quarter, and management expects at least 5% organic revenue growth this year. The main risk cited is volatility in developing markets, while a dividend yield of about 2.3% and 64 straight years of dividend increases are highlighted.
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