1 Magnificent S&P 500 Dividend Stock Down 4% to Buy and Hold Forever

Beverage specialist Coca-Cola (NYSE: KO) started the year strong, but it has flatlined -- at best -- since May. Since July, the stock has declined by 3%, while the S&P 500 has increased by 4% over the same period. It's never a good idea to sell a stock based on a few months of underperformance, and in this case it would be an especially bad idea. All things considered, Coca-Cola is a terrific pick, particularly for those seeking solid dividend stocks. Here is why the iconic beverage maker is a worthwhile long-term investment.Coca-Cola's shares likely rose earlier this year because it was perceived as a safe option amid the threat of tariffs. The company is a well-established leader in the consumer staples sector, an industry known for its resilience during economic downturns. Furthermore, although Coca-Cola has a presence in nearly every country, it tends to manufacture products locally for each region, helping it avoid heavy import duties.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool