Coca-Cola (KO) is a multinational beverage company that is best-known for its soft drinks and brands such as Dasani and Minute Maid.
It’s also one of the biggest firms in the consumer staples sector, coming in as the second-largest beverage company behind Anheuser-Busch (BUD).
And thanks to the way Coca-Cola operates its business, it often benefits from lower interest rates. This is due to the fact that lower rates often result in greater spending power among consumers, as expenses such as credit card debt are less of an issue.
In these types of environments, consumers will spend more at restaurants and grocery stores for items like soft drinks, juices, and water. They’ll also stock up on beverages like coffee and tea.
As a result, many people often turn to purchasing Coca-Cola products, which consist of some of the most popular beverage brands in the world.
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