Consumer staples companies that make food products, which is basically what both Kraft Heinz and Coca-Cola offer, are dealing with a shifting landscape. This is a material issue among investors, who seem to fear that the future will be more bleak than the past.

RBC Capital Markets sustained their Outperform rating and $69.00 price target for Coca-Cola stock (NYSE: NYSE:KO), anticipating a strong fourth quarter of 2024. The firm predicts that Coca-Cola will likely surpass consensus expectations due to robust organic growth in both domestic and international markets.

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Coca-Cola dominates the nonalcoholic segment with its well-known brand names. It's already a huge company and unlikely to blast off into the stratosphere. But the stock offers an attractive yield and looks reasonably valued.

There's no doubt that most people on the face of the planet have heard of or been a customer of Coca-Cola (NYSE: KO). The company that offers its namesake drink, as well as more than 200 others, has a presence in a jaw-dropping 200 countries and territories.