1 Magnificent S&P 500 Dividend Stock Down 15% to Buy and Hold Forever

Coca-Cola (NYSE: KO) is the kind of stock you buy when it is reasonably priced and hold on to forever. Right now could be just such a buying opportunity, given the 15% stock price decline over the past year, most of which has occurred in just the past three months. Not only is Coca-Cola a longtime member of the S&P 500 index, but it is also a Dividend King.To be honest, I'm a PepsiCo (NASDAQ: PEP) person. I like that PepsiCo has a strong beverage business, an even stronger salty snack operation, and a respectable position in packaged food products.While I prefer the diversification PepsiCo offers, Coca-Cola is easily the world's most dominant soda company. It also does a good job in other beverage categories, including sports drinks and coffee. While I view Coca-Cola as something of a one-trick pony, there is something to be said for owning a pony that, basically, does one "award winning" trick.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool