Coca-Cola and Monster Beverage, added to Ritholtz Wealth Management’s Best Stocks list in February, have remained on the recommended portfolio without interruption. Coca-Cola owns approximately 19.5% of Monster Beverage, making the two companies essentially the same investment thesis with differentiated growth rates. Monster Beverage gained 16% since February and completed a 2-for-1 split in August, while Coca-Cola raised full-year guidance and posted its strongest Trademark Coke volume growth in 17 years. Monster’s international sales surged 56% in Latin America, 35% in Asia Pacific, and 62% in China in the second quarter. Coca-Cola’s net revenue grew 7% to $13.4 billion in the second quarter.
Source: Read the original article
