Coca-Cola Diversifies Beyond Soda While Focusing on Most Profitable Brands, Funding Growth and Dividends

Coca-Cola stock is near 52-week low despite strong Q2 revenue growth of 6% and projected 8%+ growth in 2023.

Coca-Cola is expanding beyond soda into new beverages like milk, coffee, cocktails to tap into diverse drinking habits.

Focusing product portfolio on most lucrative brands, cutting total brands in half from 400 to 200.

Expanding customer base in developing countries expected to provide years of sales growth.

Free cash flow funds dividends and investments; raised dividend for 61 straight years.