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The international beverage giant increased prices on its portfolio of products.
To fight inflationary cost pressure, Coca-Cola (KO) raised prices on its portfolio of products. Consumers hardly flinched, continuing to buy its tasty beverages. That demonstration of pricing power reinforces the sustainability of Coca-Cola's dividend long term.
Stock prices used were the afternoon prices of Oct. 27, 2022. The video was published on Oct. 29, 2022.
Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool recommends the following options: long January 2024 $47.50 calls on Coca-Cola. The Motley Fool has a disclosure policy.
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