Coca-Cola Co. closed $10.41 below its 52-week high ($73.53), which the company achieved on September 4th.

While KO's sales outlook suggests a slowdown in the second half of 2024, its strategies and execution indicate long-term growth potential.

Coca-Cola (NYSE: KO) and Sirius XM (NASDAQ: SIRI) don't compete in the same industry, but dividend-seeking investors can find reasons to appreciate both stocks. Coca-Cola attracts income-seeking investors with leading brands and a 62-year annual dividend-raising steak.

Celsius (NASDAQ: CELH) and Coca-Cola (NYSE: KO) are both beverage makers, but they attract different types of investors. Celsius is a smaller, higher-growth company that carved out a defensible niche with its healthier energy drinks. Coca-Cola, which owns a massive portfolio of well-known beverages, is a slower-growing market leader.

Coke is taking action to address volume declines. It is investing in its core brands, as well as faster-growing brands like Topo Chico. Coke has an impeccable track record of marketing and developing brands, which should allow the company to navigate near-term headwinds and restore volumes without overly relying on price cuts.