Coca-Cola Stock Surges as Warren Buffett Favorite Continues to Run

Coca-Cola (KO) has been Warren Buffett's largest and longest-held equity position since 1988, and the beverage giant is finally getting the market's attention again. The company's shares have climbed 28.24% year to date and 35.86% over the past year.

The 24/7 Wall St. price target for Coca-Cola is $97.16 over the next 12 months, with a BUY call at high confidence driven by durable brand strength, expanding margins, and a raised full-year guide.

Coca-Cola has raised dividends for 63 straight years and just lifted full-year EPS growth guidance to between 9% and 10%, marking its fifth consecutive earnings beat.