Coca-Cola: A Defensive Stock for Market Volatility

Coca-Cola is a defensive stock worth considering in times of market uncertainty. It's an attractive option for investors expecting a pullback or correction. The company's dividend yield recently reached 2.4%, which is a solid return.

According to calculations, investing $15,000 in Coca-Cola now could result in a stake worth around $22,000 in five years. This projection assumes an average annual gain of 8%.

Coca-Cola's past performance shows it has consistently delivered returns over the long term. Over the past five years, its average annual return was 11.98%, and over the past ten years, it was 9.60%. The company also offers a growing dividend payout, with a yield of $2.10 per share annually.

While Coca-Cola's stock may not be bargain-priced, with a forward-looking price-to-earnings (P/E) ratio of 25, the Motley Fool Stock Advisor analyst team has identified other stocks they believe could produce monster returns in the coming years.