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.

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.

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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.