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Recent Buy

January 30, 2014 By Dividend Mantra Team 64 Comments

I discussed my sale of shares in Intel Corporation (INTC) late last week, closing out my position with the company. I then revealed that I used most of the proceeds from that sale to initiate a position in Omega Healthcare Investors Inc. (OHI). However, I also let you readers know I took the rest of the cash from the sale of Intel and combined it with fresh capital from my day job to make one more purchase. And today I’ll be discussing that transaction.

Overall, I’m really excited about these recent moves. I feel like I let go of a company that has failed to live up to some promises and has not been very clear with its dividend policy, while adding a couple of companies in its wake that have been wonderful in rewarding shareholders with growing income. That’s a win-win!

I purchased 30 shares of The Coca-Cola Company (KO) on 1/24/13 for $38.98 per share.

The Coca-Cola Company needs no introduction. A global juggernaut in beverages, the company owns or licenses more than 500 nonalcoholic beverage brands. Their products are available in over 200 countries, and they own 16 billion-dollar brands. They are the world’s largest beverage company. They’re widely diversified across the globe, with Latin America representing 29% of volume, North America at 21%, Pacific accounts for 18% as does Eurasia & Africa, with Europe coming in last at 14%. The company sold 27.7 billion unit cases worldwide in 2012, up from 26.7 billion in 2011.

I’ll be honest and say I’ve been lukewarm on Coca-Cola over the last year or so. I haven’t been highly interested in adding shares to this company because of its perceived lack of value, while I instead focused on other companies that offered better value. However, it’s not always just about value. One also needs to keep a keen eye on quality, and I can think of no company that exudes quality more than Coca-Cola. My memory was refreshed on how important quality is when taking a hard look at Intel last week before I ultimately decided to sell it. A high quality company can face a few rough years and keep on ticking – growing the dividend, clearly communicating with shareholders on growth plans, and continuing to execute key strategies.

I’ve asked myself in the past if I could own only one company in my portfolio, what would it be? That answer turned out to be Coca-Cola, so it comes as a bit of a surprise that it’s a rather small position for me after four years of active investing. So I decided to partially rectify that situation after shares took a slight dip last week and add to my position with the company.

What I really love about Coca-Cola is how seriously they take their shareholders, and the relationships therein. For example, on their Investor Relations page they have a tab titled “Shareowner Information” where the company states: “Our mission is to create value for you, our shareowners, over the long term. We are pleased to have you as a shareowner and grateful for the confidence you have demonstrated by entrusting us with your investment.” And they’re not just talking the talk: the company returned $9.1 billion to shareholders through share buybacks and dividends in 2012 alone.

I love it when a company takes shareholders seriously, and communicates that appropriately. That gives me a lot of confidence investing in the business for the long haul.

Coca-Cola has experienced rather robust growth over the last decade. Revenue has a compound annual growth rate of 9.6%, up from $21 billion in 2003 to $48 billion in 2012. And earnings per share has a CAGR of 8.9% over this same time period, up from $0.89 to $1.97. Dividends have compounded at a rate of 9.8% over this same time frame. Seeing a trend? Coca-cola is about as consistent as it gets. ROE has been right around 30% over this time period as well, which is rather strong. Growth looks set to continue; S&P Capital IQ predicts an 8% CAGR in EPS over the next 3 years.

Coca-Cola’s financial position remains very strong. The debt/equity ratio is 0.4, with over $16 billion cash on the balance sheet. The interest coverage ratio, at 30, is solid. There’s really nothing to not like here.

And what about the dividend? Coca-Cola has been paying a quarterly dividend since 1920, and has managed to increase the dividend for the last 51 years. As stated above, the 10-year DGR stands at 9.8%. Overall, these are extremely impressive statistics. There are only a handful of companies with the kind of rich dividend history that Coca-Cola possesses.

One major aspect of Coca-Cola’s strategy right now is what they call the 2020 Vision. This is a specific and clear strategy for the 2010-2020 decade, whereby Coca-Cola plans to more than double its global servings per day over this time period to 3 billion. The vision focuses on six “P’s” – Profit, People, Portfolio, Partners, Planet and Productivity. Basically, Coca-Cola wants to not just be massively profitable, but be a great place to work and be environmentally responsible as well. I say kudos to that. Furthermore, setting specific and aggressive goals over a 10-year time frame is wonderful. It keeps the company and its employees focused on a mission and provides a clear target for which to measure success against.

I’ve been discussing the importance of competitive advantages a lot here lately, and how these advantages build an economic moat for a company. And when you’re looking for companies that possess what’s referred to as a “wide economic moat” in the financial industry it’s widely agreed that Coca-Cola is a model example of this. Huge brand name recognition, economies of scale, global distribution and a product that people are usually willing to pay a premium for because of quality.

There are some risks involved with investing in Coca-Cola. The company does face competition, chiefly from PepsiCo, Inc. (PEP). In addition, there is a trend in developed nations like the U.S. to avoid many of the sugary beverages that Coca-Cola markets and sells because of added calories. However, I feel that Coca-Cola’s market diversification across the globe, in addition to the product diversification within the company, helps reduce some of the potential headwinds the company faces in regards to backlash against some of their products. For instance, the company sells bottled water and a plethora of natural juices. In addition, the company is well positioned to make acquisitions that better match changing consumer tastes and trends over time.

After fully quantitatively and qualitatively analyzing Coca-Cola I feel totally comfortable increasing my position here. While shares in KO aren’t particularly cheap right now with a P/E ratio of 20, it’s a high quality company trading for a fair price. I valued shares using a Dividend Discount Model analysis with a 10% discount rate and a 7% long-term growth rate (well below Coca-Cola’s historical norm) I get a fair value on shares of $40. The margin of safety is probably minimal with shares in Coca-Cola at today’s prices, but with equity this high quality the margin of safety may not need to be as large as, say, a technology or pharmaceutical business that could face earnings drops in a cyclical valley. Furthermore, shares in KO don’t often yield 3% and with shares yielding 2.89% today we’re pretty close that that. Moreover, Coca-Cola is due for a dividend increase in February which will likely push it over that 3% yield mark which is generally a good time to acquire shares in this beverage giant.

This purchase adds $33.60 to my annual dividend total based on the current quarterly dividend payout of $0.28. With the addition of these shares, I now own 110 shares of The Coca-Cola Company.

My portfolio currently holds 43 positions. This is unchanged, as the purchase of KO shares was an addition to an existing investment.

I’m going to include current analyst valuation opinions below, as I use these to concentrate my reasonable valuation estimate.

*Morningstar rates KO as a 4/5 star value, with a fair value estimate of $45.00.
*S&P Capital IQ rates KO as a 5/5 star Strong Buy with a fair value calculation of $34.20.

I’ll update my Freedom Fund in early February to reflect my recent addition.

Full Disclosure: Long OHI, KO, PEP

Do you like Coca-Cola at today’s price? Interested in buying? Think it’s fairly priced?

Thanks for reading.

Photo Credit: Stuart Miles/FreeDigitalPhotos.net

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Filed Under: Recent Buy

Comments

  1. Ben says

    January 30, 2014 at 3:03 am

    While everyone else was being fearful, I chose to be greedy and I added 50 shares to my stake in KO today. Anytime you can get KO for around a 3% yield or under a P/E of 20, your making a solid choice.

  2. Investing Pursuits says

    January 30, 2014 at 4:58 am

    Good buy with COKE…It will pay dividends for years to come and increasing ones at that. Coke is said to be the most recognized brand in the world.

  3. Monty says

    January 30, 2014 at 5:00 am

    There are about 10 companies that everyone should have a substantial position in and KO is one of the top 3 IMO. Now all you need to do is cut your positions down to 30-35 companies and have 10k in KO, JNJ, PG, PM, XOM, CVX, PEP. It never hurts having monsters like these on your offensive line of your dividend team. Then transfer them to DRS at computershare. That way you can continue with Scottrade and still have diversity!

  4. Accumulating Assets says

    January 30, 2014 at 5:39 am

    KO looks pretty good at these levels. I am long PEP but contemplating starting position in KO. 3% initial yield is solid. This sell off to start the year has created some opportunities with a few stocks I follow.

  5. Passive IncomePursuit says

    January 30, 2014 at 5:55 am

    I’ve been contemplating adding some KO because like you mentioned you don’t get great value opportunities in companies this great. I can’t imagine you’ll be disappointed 10 years from now. Plus there should be a dividend increase announcement not too much longer from now.

  6. Anonymous says

    January 30, 2014 at 7:50 am

    Hi Monty,

    I like that thought – sounds like a very good idea. Out of curiosity what are the other three ‘must haves’ – MCD might be one of them, I guess. I personally would add Nestle.

    Thanks for the reply & greetings from Europe,

    D

  7. The Dividend Warrior says

    January 30, 2014 at 11:41 am

    I agree that KO is looking good here with the current yield and the (likely) double-digit dividend increase in February…

  8. Financial Independence UK says

    January 30, 2014 at 12:13 pm

    Hi Jason

    I think KO is a great buy for dividend growth investing. Everyone looks at the PE ratio at 20 and thinks that’s high so I won’t buy, however a PE of 20means that your company is earning 5% on your investment, but they are keeping some of that to re-invest and earn even more. If the earnings keep growing at 9% then the share price should keep growing (unless there is a big sell off) thereby providing a growing income and a growing capital value.

    If you wait until they are available at a “more reasonable” PE of say 15, then you may be waiting forever to buy into this company, and missing out on the pretty reliable year upon year upon year upon year growth.

    When I start to be able to buy US shares, KO will almost certainly be the company I would buy.

    Well done on your buy.
    FI UK

  9. moneycone says

    January 30, 2014 at 2:25 pm

    KO is defintely better than INTC! Although I didn’t initiate a new position in KO, I own both KO and PEP. One of those, buy-and-forget stocks!

  10. writing2reality says

    January 30, 2014 at 2:59 pm

    Definitely a nice core position with sleep well at night principles. I am a big fan of KO, and is always on my short list of possibilities.

  11. My Dividend Pipeline says

    January 30, 2014 at 3:20 pm

    I love KO here. PG with a 3.1% yield is starting to look good as well.

  12. Squeezer says

    January 30, 2014 at 4:14 pm

    I’d love to buy some KO, but looking at their direct stock purchase plans on computershare, it has a fee for everything, and the fees are high as well.

  13. Dividenden-Sammler says

    January 30, 2014 at 5:34 pm

    To buy Coke is a good idea!
    3 percent dividend yield is ok for Coca Cola!
    PER 17,5 is ok, too!

    I wanted to buy HCP next week.
    But now i´m undecided…
    Coce or HCP… I don´t know…

    best regards
    D-S

  14. Done By Forty says

    January 30, 2014 at 5:51 pm

    Great analysis. I always learn a lot from these posts, to see how active investors break down a possible transaction. Thanks!

  15. christian deguzman says

    January 30, 2014 at 6:25 pm

    Hi DM,
    First of all thank you for everything, Ive been following tour blog for almost a year now and im just starting to build my nest egg on my way to FFreedom. You’ve been a hero and an inspiration, investing, living frugally. I have a question, last december I bought 100 shares of KO for 40.14 per share then right now trading at 38-39. I bought ten high quality stocks that I think are good value right now like WMT, TGT, PM CVX, LEG, ATT and few more when their shares went down. Right now Im eyeing to add MCD, JNJ as decent value. My question is, how do you cope when your stocks are down like my latest addition cost me -3% and Ive been telling myself if I shouldve held on and just waited, I could’ve buy these shares cheaper than my cost. Also how do you average down? Im planning a DAC approach on my portfolio, how or when do you average down?
    Best of luck!
    -Christian

  16. Anonymous says

    January 30, 2014 at 6:40 pm

    I wish I could agree with your purchase of KO, but I can’t. I agree that in past years the enterprise was an excellent growth vehicle, but I am leery about the future. The products the company offers are all easily duplicated by other companies. It just takes a little finesse to offer a slightly changed formulas. The stock price is inflated at over 5 times book value. The P/E at 20 is a warning sign. The long-term debt is too high. I’m sorry to be so negative.

  17. Integrator says

    January 31, 2014 at 12:04 am

    DM, Nice purchase. I’m still a believer. Is that a typo or does S&P really have a fair value of $34.20 and 5 stars? Not sure how that works.

  18. Dividend Mantra says

    January 31, 2014 at 12:20 am

    Ben,

    I agree. KO around 3% is usually solid. It doesn’t often breach that mark, so I feel good about this purchase. Glad to be on the same page as you regarding Coca-Cola. 🙂

    I wasn’t quite as greedy as you, but I wish I was. I’m just limited on capital and I’m trying to spread it around as much as I can.

    Best wishes.

  19. Dividend Mantra says

    January 31, 2014 at 12:21 am

    Investing Pursuits,

    Thanks! I think Coca-Cola should be just fine over the long haul The brand name is, of course, very valuable, but they have huge geographical diversification, economies of scale and product breadth. I think they’ll continue to reward shareholders handsomely.

    Best regards.

  20. Dividend Mantra says

    January 31, 2014 at 12:23 am

    Monty,

    I don’t believe in “diworsification”, but I also don’t believe in overly concentrating a portfolio. 30-35 companies is probably a good number, but I just seem to find more than 35 companies I’d like to invest in. I already have 43 and I haven’t even yet invested in GIS, CL, UL or NSRGY yet. I don’t know if I could cut it down to 35. I think 50 is probably “my number” At that point I’d feel my income is protected from one or two companies declaring dividend cuts. The other 48-49 companies could easily bridge the gap.

    Cheers!

  21. Dividend Mantra says

    January 31, 2014 at 12:24 am

    AA,

    I agree. The minor pullback has been very refreshing. PM in particular is attractive right now.

    I think KO looks great here. It’s a defensive holding that I can sleep well at night owning.

    Take care.

  22. Dividend Mantra says

    January 31, 2014 at 12:26 am

    Pursuit,

    I think the me of 10 years from now will be happy that I invested in KO at today’s prices. I know the me of today is glad that the me of a few years ago invested in KO in the first place. 🙂

    I’m anxiously anticipating the dividend increase by KO. It won’t be huge, but it’ll be consistent.

    Best wishes.

  23. Dividend Mantra says

    January 31, 2014 at 12:27 am

    DW,

    Thanks for stopping by. I don’t think an investor can go wrong buying KO shares here assuming they have the available capital and room in the portfolio.

    Happy shopping. 🙂

    Best wishes!

  24. Dividend Mantra says

    January 31, 2014 at 12:28 am

    FI UK,

    KO doesn’t often sell at a P/E ratio of 15. If I remember correctly that was the approximate P/E ratio of the stock even at the depths of the Great Recession. The 5-year average P/E ratio is 18.2, and that’s probably a bit lower than usual because of the dip the stock had at the beginning of that range.

    Thanks for the support! Hope all is well across the pond. 🙂

    Cheers!

  25. Dividend Mantra says

    January 31, 2014 at 12:30 am

    moneycone,

    Thanks! I think the trade between INTC and KO/OHI will serve my portfolio well over the long haul. Intel could certainly turn things around, but I’m comforted by the knowledge that I could always buy back in later. And KO is definitely a buy-and-forget type of stock. It’s a no-brainer, in my opinion.

    Take care.

  26. Dividend Mantra says

    January 31, 2014 at 12:31 am

    w2r,

    Thanks. This is definitely a core stock. And that’s why I was disappointed that I didn’t have a larger allocation to Coca-Cola. I hope to continue adding to it as opportunities allow.

    Thanks for stopping by!

    Best regards.

  27. Dividend Mantra says

    January 31, 2014 at 12:33 am

    Pipeline,

    Thanks. PG is another stock that I have a rather small allocation to. I started to buy it in the low-$60s and just never got a chance to buy more. So many stocks, so little capital.

    I think KO should serve long-term shareholders pretty well. No telling what will happen to the stock price in the short-term, but I think the company will continue meeting its objectives and reward shareholders in the meanwhile.

    Cheers!

  28. Dividend Mantra says

    January 31, 2014 at 12:34 am

    Squeezer,

    I wasn’t aware of that. That’s a bit of a disappointment, although it doesn’t actually affect me as I don’t use Computershare. However, I can see how some investors would shy away from KO under those terms.

    Hopefully they change at it at some point.

    Best wishes.

  29. Dividend Mantra says

    January 31, 2014 at 12:37 am

    D-S,

    Hard to choose between KO and HCP. Very different companies. For me, it’s all about allocation to a particular company and sector. I think you’d want to take a look at your portfolio and what kind of weightings you have to similar stocks. Best of luck!

    Take care.

  30. Dividend Mantra says

    January 31, 2014 at 12:37 am

    DB40,

    Thanks! Glad you enjoyed the analysis and found some value. 🙂

    Thanks for stopping by.

    Cheers!

  31. Dividend Mantra says

    January 31, 2014 at 12:44 am

    Christian,

    Wow. Thanks for the kind words. I really do appreciate that! The thought of changing other people’s lives and providing inspiration is wonderful. I’m glad you’ve found some inspiration and value here.

    In regards to your question, for me it just comes natural. Try to keep an eye on the long haul. Maintain perspective. I average in on all of my purchases. Some will be higher than what I could have paid, other purchases will be well-timed. You can’t win them all, and you don’t really need to. In order to succeed and acheive financial independence early in life you don’t need to be a master stock picker. You instead need to learn how to live on much less and become a master saver. From there, focus on high quality companies and reinvest the dividends. Remember: 20 years from now it won’t matter if you paid $39 or $40.14 for KO when shares in Coca-Cola are 5 times that or more and you were reinvesting the dividends all the way along. It’s a marathon, not a race. 🙂

    As far as averaging down, I keep track of my entire portfolio and I’m routinely aware of when a stock is trading below my cost basis. I tend to think if I liked a stock at $X than I probably like it even more at less than $X, assuming the fundamentals remain strong.

    Try not to over-think it. Focus on your savings rate, and let compounding do the heavy lifting. Focusing on the day to day price swings will only deter you from keeping perspective and thinking about the long term.

    Hope this helps!

    Best wishes.

  32. Dividend Mantra says

    January 31, 2014 at 12:46 am

    Anonymous,

    No problem with not agreeing. That’s what makes it a market. Some people don’t like Coca-Cola, some people do.

    I have a more optimistic view on Coke over the long haul, but I could be wrong. That’s why I diversify. 🙂

    Cheers!

  33. Dividend Mantra says

    January 31, 2014 at 12:48 am

    Integrator,

    Yeah, I found that odd too. I think that has to do with the high qualitative ranking they gave it based on safety and quality. Their DCF fair values don’t always relate to how many stars they assign a security. I think that’s cool because they’re separating out the quantitative and qualitative analysis.

    Thanks for stopping by!

    Best wishes.

  34. Anonymous says

    January 31, 2014 at 1:12 am

    people who bought KO in 1999 weren’t happy at all 10 year later, what makes you think you will be any different?

  35. Dividend Mantra says

    January 31, 2014 at 3:17 am

    Anonymous,

    From Feb. 1999 to Jan. 1999 KO was down -31.17% (-$9.67). The S&P 500 over that same time frame was down -35%. So Coca-Cola shareholders outperformed the S&P 500 over this period, and that was after drastically overpaying for equity in the company. I’d say people who bought in 1999 were probably pretty happy after all 10 years later. But thanks for trying.

    Overpaying for even the highest quality company is never intelligent investing, and I’ve discussed that numerous times.

    Best regards.

  36. The Dividend Guy says

    January 31, 2014 at 3:22 am

    I picture KO being around 30, 40, even 50 or more years from now. Only time will tell but it’s hard to imagine a world without Coca Cola. It is one of the most reliable stocks on the planet in my opinion.

    Long KO.

  37. Dividend Prodigy says

    January 31, 2014 at 3:30 am

    Congrats on the recent addition. You could’ve just put “Recent Buy: Coca Cola”. This is a company that truly needs no introduction. I was also looking at KO but decided that the company was trading a little bit above its average P/E ratio. I guess I am just waiting for shares of KO to pullback a little further but at a 2.89% yield for KO, its not that bad.
    In other news I took your advice and changed the template for my blog. Check it out and tell me your thoughts. I just want to make sure my readers are able to understand everything on the blog. In addition to this I also wrote my first “buy” article.

    Continue the great work DM.

    Dividend Prodigy

  38. Dividend Prodigy says

    January 31, 2014 at 3:39 am

    For some reason instead of viewing the blog in classic mode, you have to view it in side bar mode. I am trying to fix the problem right now. You can change to mode in the upper left hand corner

    Dividend Prodigy

  39. Spoonman says

    January 31, 2014 at 3:46 am

    KO is as solid as they get. I’ve been buying when it dips below $40. I am well allocated in KO so it’s not a good idea for me to buy that many more shares.

  40. gibor says

    January 31, 2014 at 7:27 am

    I agree with DM on this…I also hold 40+ stocks spread out in 6 different registered accounts (plus several ETFs). For Canadian investors is more difficult to control the number as we want to hold the best players in both TSX and NYSE… good point about potential dividend cut…..

  41. gibor says

    January 31, 2014 at 7:37 am

    I also bought KO on Jan 24 at $39.02… Was holding PEP for several years and finally initiated position in KO. Hope nice dividend increase in Feb

  42. Anonymous says

    January 31, 2014 at 7:50 am

    I for one do not compare myself to the spy, overall I’d be unhappy to lose 31% after 10 years. 10 years a very long time

  43. Dividenden-Sammler says

    January 31, 2014 at 11:29 am

    I’ve made ​​a decision:
    Today I have bought 40 shares from HCP 🙂

    Best regards!
    D-S

  44. Anonymous says

    January 31, 2014 at 12:36 pm

    hi, this is the first time i comment here, been following you since last november. Anyway, i think you did the right move regarding KO and INTC. Intel is a powerhouse in PC market, but with the rise from mobile market, its definitely hurt the revenue. In contrary, its almost impossible to bypass Coca Cola moat, world wide recognized brand, spread over 200 countrys, you simply cant go wrong there

    Keep us up to date

    ,Cong

  45. Passive IncomePursuit says

    January 31, 2014 at 5:33 pm

    And let’s not forget that your dividend payment increased too, by a measly 250%. I’ll be just happy with a repeat of that.

  46. Dividend Mom says

    January 31, 2014 at 7:03 pm

    Hi DM,
    First I would like to thank you for asking about my rental, I have a small post on that in my blog, I have done all the work and put the house on sale. The house is on market for 20 days, due to weather and timing of the year i am thinking it will take time to sell the house. Also I did a recent purchase of TGT. Good purchase on KO, I would also like to increase my position in KO.
    DM

  47. Squeezer says

    January 31, 2014 at 7:12 pm

    Yeah I use computershare and other direct stock purchase plan transfer agents (Amstock, Wells Fargo Shareowner Online, etc) to purchase my stocks. When I buy a stock, its usually $25-100 at a time whenever I earn side money and put it into a stock. I think KO’s purchase fee is $2/purchase when I looked it up the other day, ontop of 3 cents per share. So I would lose $2 immediately plus a handful of pennies. I know it doesn’t sound like much, but when it takes 6 dividend payments or so to make that back, the fees hurt.

  48. Dividend Mantra says

    February 1, 2014 at 12:27 am

    D-S,

    Congrats on the purchase. I hope HCP serves you very well as a shareholder. I’ll likely join you one day. 🙂

    Best wishes.

  49. Dividend Mantra says

    February 1, 2014 at 12:29 am

    Pursuit,

    Great point. I didn’t even talk about the dividend growth, which was outstanding during this time frame. Of course, KO also started with a fairly low yield at the beginning there. I’m happy with 7% growth of the dividend over the long haul.

    Best wishes!

  50. Dividend Mantra says

    February 1, 2014 at 12:30 am

    Pursuit,

    Great point. I didn’t even talk about the dividend growth, which was outstanding during this time frame. Of course, KO also started with a fairly low yield at the beginning there. I’m happy with 7% growth of the dividend over the long haul.

    Best wishes!

  51. Dividend Mantra says

    February 1, 2014 at 12:31 am

    Dividend Guy,

    I agree. It’s tough to imagine a world without a behemoth like Coca-Cola. Even if there is an exodus away from sugary beverages worldwide you still have juices, water, sports drinks, etc. However, I think eventually KO and PEP will figure out how to sweeten the sodas with much less (or no) calories and make them still taste just as good. We’ll get there.

    Cheers!

  52. Dividend Mantra says

    February 1, 2014 at 12:36 am

    Prodigy,

    Haha. You’re right. I probably could have just said: “Recent Buy: Coca-Cola. ‘Nuff said.”

    I checked out the blog again. I don’t know if it’s just me, but I have difficulty with that template/layout. I would consider switching it altogether to something else. I know blogger offers a few options. I think Awesome Inc or Simple layouts would offer a better look. That’s just my opinion. Your mileage may vary.

    It’s cool you have your portfolio up. You’re off to a great start for your age. Keep it up and you’ll be very wealthy when you’re my age. You’ll blow my progress out of the water.

    Best regards.

  53. Dividend Mantra says

    February 1, 2014 at 12:37 am

    Spoonman,

    Hey, having a large allocation to KO is a pretty nice position to be in! 🙂

    I still have room to add to Coca-Cola so I’m hoping it stays cheap this year.

    Cheers!

  54. Dividend Mantra says

    February 1, 2014 at 12:38 am

    gibor,

    I hope for a solid dividend raise in February as well. Let’s keep our fingers crossed!

    Glad to have you on board as a fellow shareholder. 🙂

    Best regards.

  55. Dividend Mantra says

    February 1, 2014 at 12:40 am

    Cong,

    Thanks for stopping by and commenting for the first time. I hope you stay in touch!

    Thanks for the support. I’m glad you think I made the right choice.

    Intel may yet turn it around in mobile, but I just have less fears regarding Coca-Cola’s ability to compete and be viable. Intel has a lot of questions, in my opinion, and Coke offers answers. I prefer the latter!

    Take care.

  56. Dividend Mantra says

    February 1, 2014 at 12:42 am

    Dividend Mom,

    Hey, glad to hear things are turning around with the rental. Good luck with the sale!

    I’ll be honest with you. I have no desire whatsoever to get into the rental game. There are just too many potential headaches. To me, one of the best things about dividend growth investing is that everyone does the work for me. I just sit back and collect the (rising) income.

    Great purchase there on TGT. You likely got in way cheaper than I did. TGT is still high on my watch list for a potential purchase in February. I don’t want to get crazy with it, but I think I could add another 20 shares or so.

    Best wishes!

  57. Dividend Mantra says

    February 1, 2014 at 12:44 am

    gibor,

    Thanks for stopping by and adding that.

    Great job on the diversification. You’re in a wonderful spot. Should one company cut or suspend its dividend you’re in a great position to easily make up for the lost income.

    Best wishes.

  58. Eric Mc says

    February 3, 2014 at 9:40 pm

    Squeezer,

    Check out Loyal3. New on the block. It’s what I use to purchase my KO stock. No fees. The fees through computershares also made it a no go for me. Loyal3 also has PEP, UL, MCD to name a few.. Check it out if you get the chance.

  59. Anonymous says

    February 4, 2014 at 9:12 pm

    I added 92 shares @37.52. Love to see us both increasing our stakes around the same time.

    Coke is now my third largest position and it could well go to the top spot in 2014. Especially, since it’s share seems to lull at sub 40 dollar prices. I feel quite comfortable adding KO for the long haul at these prices. As the market is a bit too frothy for my tastes, flight to quality seems appropriate. And no other company screams quality louder than KO!

    Good post!

    Regards

    Jarmo

  60. Dividend Mantra says

    February 5, 2014 at 12:10 am

    Jarmo,

    Nice buy there! Very sizable commitment. And you’re right, KO is about as high quality as it gets. They’ve got great products with fantastic brands and they sell them all over the world. The product breadth and geographical diversification here is fantastic.

    I hope KO stays cheap here for a little while. It’s high on my list for a purchase in February, capital permitting. I see a few stocks that are looking decent here, so we’ll see how much cash I have to play with this month. It’s fun to go stock shopping! 🙂

    Cheers.

  61. Hari says

    April 27, 2014 at 11:24 pm

    Thanks for your analysis of Coke. Thanks for the link to their Vision 2020 plan, it was a good read and helped me understand the management’s vision. I have analyzed the business and Coke and would love to get your feedback. Please find the link here – http://bitsbusiness.wordpress.com/2014/04/20/coca-cola-business-analysis/

    thanks
    Hari

  62. Dividend Mantra says

    April 28, 2014 at 6:17 pm

    Hari,

    I checked out your analysis. Very interesting stuff there, and definitely a different take than what I usually see! And I would agree with you that while it’s generally not a cheap stock right now, the quality makes it a worthy purchase.

    Cheers.

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    • ► August 2012 (10)
      • What Are You Buying?
      • The Dividend Toolkit: Review
      • Weekend Reading - August 25, 2012
      • Dividends Are My Fruit
      • The Best Thing About Financial Independence: Choice
      • My Biggest Financial Mistake
      • Recent Dividend Increases
      • Recent Buy
      • Finding Value In This Market
      • I'll Be Back
    • ► June 2012 (1)
      • Taking A Break
    • ► May 2012 (9)
      • My Scooter And Me
      • Early Retirement Isn't For Everyone
      • Recent Buy
      • Guest Post: How Frugality Has Forever Changed My Life For The Better
      • I've Turned 30!
      • Recent Buy
      • Income/Expenses For April 2012
      • Dividend Income Update - April 2012
      • Freedom Fund Update - May 2012
    • ► April 2012 (10)
      • Three Solid Stocks To Purchase On Weakness
      • Do You Own Or Rent?
      • Five Awesome Things You Can Do When You're Financially Independent
      • Income/Expenses For March 2012
      • Recent Buy
      • Dividend Income Update - March 2012
      • Weekend Reading - April 7, 2012
      • Dividend Growth Index Update Q1 2012
      • 2012 Best Dividend Stocks Q1 Results
      • Freedom Fund Update - April 2012
    • ► March 2012 (13)
      • 5 Awesome Things About Living Car-Free
      • What Are You Buying?
      • Guest Post: Confessions Of A Dividend Junkie
      • Were You Worth More As A Baby?
      • Recent Buy
      • Weekend Reading - March 17, 2012
      • The Poor Rich Need Dividends?
      • My New Ride - Part III
      • Recent Buy
      • Income/Expenses For February 2012
      • Dividend Increase - Harris Corporation (HRS)
      • Dividend Income Update - February 2012
      • Freedom Fund Update - March 2012
    • ► February 2012 (10)
      • Recent Buy
      • Weekend Reading - February 26, 2012
      • Recent Sale
      • Stick To Your Plan
      • Recent Buy
      • Frugality Vs. Quality Of Life
      • What's Your Crossover?
      • Income/Expenses For January 2012
      • Dividend Income Update - January 2012
      • Freedom Fund Update - February 2012
    • ► January 2012 (11)
      • Opportunity In Philip Morris International (PM)
      • Recent Buy
      • Ever Consider Semi-Early Retirement?
      • My New Ride - Part II
      • My Goals For 2012
      • 2011 Goals Reviewed
      • Income/Expenses For December 2011
      • Start Off Your New Year Right
      • Dividend Growth Index Update - Q4 2011
      • 2012 Best Dividend Stocks
      • Freedom Fund Update - January 2012
  • ► 2011 (150)
    • ► December 2011 (17)
      • Happy New Year!
      • Dividend Income Update - December 2011
      • Merry Christmas!
      • Guest Post At Mr. Money Mustache
      • Time: A Dividend Growth Investor's Greatest Ally
      • Free Your Chains
      • Weekend Reading - December, 17, 2011
      • What Is An Economic Moat?
      • Recent Buy
      • Recent Sale
      • Weekend Reading - December 10, 2011
      • Cheap Stock With A Recent Dividend Hike
      • Income/Expenses For November 2011
      • Dividend Income Update - November 2011
      • Weekend Reading - December 3, 2011
      • Freedom Fund Update - December 2011
      • When To Sell A Dividend Growth Stock
    • ► November 2011 (14)
      • Why I Cancelled My Gym Membership
      • What Are You Buying?
      • My Second Job Isn't A Job At All
      • Considering The Downside To Early Retirement
      • My Food Budget Demystified
      • Recent Buy
      • Income/Expenses For October 2011
      • Weekend Reading - November 12, 2011
      • Dividend Income Update - October 2011
      • Recent Buy
      • Using Reward Programs To Your Advantage
      • Weekend Reading - November 5, 2011
      • Low Yield, High Growth
      • Freedom Fund Update - November 2011
    • ► October 2011 (18)
      • What Are You Buying?
      • My $100 Phone Call
      • Abbott Laboratories (ABT) Is Splitting
      • Perspective
      • Weekend Reading - October 22, 2011
      • Two Industrials Catching My Eye
      • Recent Buy
      • My Thoughts On An Emergency Fund
      • Weekend Reading - October, 15, 2011
      • Consumer Stocks: Safety In A Volatile Market
      • Income/Expenses For September 2011
      • Dividend Income Update - September 2011
      • What Are You Buying?
      • Weekend Reading - October 8, 2011
      • Recent Buy
      • Dividend Growth Index - My Picks Explained
      • Freedom Fund Update - October 2011
      • Weekend Reading - October 1, 2011
    • ► September 2011 (16)
      • 10-Year Treasury Yield? Double It!
      • Introducing The Dividend Growth Index
      • When Saving Money Costs You More
      • Philip Morris International - Dividend Increase
      • Why A Low Payout Ratio Is Important
      • What If You Could Buy Time?
      • Weekend Reading - September 17, 2011
      • Gold As An Investment
      • Recent Buy
      • Income/Expenses For August 2011
      • Weekend Reading - September 10, 2011
      • Dividend Income Update - August 2011
      • What Are You Buying?
      • Freedom Fund Update - September 2011
      • Weekend Reading - September 3, 2011
      • Recent Buy
    • ► August 2011 (16)
      • Retiring Overseas
      • Frugal Fatigue?
      • Why I Average Down
      • Moving Day
      • 7 Links Project
      • Weekend Reading - August 21, 2011
      • 5 Stocks On Sale
      • Income/Expenses For July 2011
      • Dividend Income Update - July 2011
      • Weekend Reading - August 14, 2011
      • 5 Steps To Retire In 12 Years
      • Recent Buy
      • Weekend Reading - August 6, 2011
      • Freedom Fund Update - August 2011
      • Opportunity?
      • Recent Buy
    • ► July 2011 (14)
      • Weekend Reading - July 30, 2011
      • Ensure Your Dividends With These Insurance Stocks
      • Late To Work
      • Weekend Reading - July 23, 2011
      • Do You DRIP?
      • Recent Buy
      • Weekend Reading - July 17, 2011
      • Five Core Dividend Stocks
      • Income/Expenses For June 2011
      • Dividend Income Update - June 2011
      • Weekend Reading - July 9, 2011
      • Philip Morris: A Solid International Tobacco Play
      • Freedom Fund Update - July 2011
      • Weekend Reading - July 2, 2011
    • ► June 2011 (14)
      • What Is A Dividend?
      • What Are Your Dividends For?
      • Weekend Reading - June 25, 2011
      • Saving A Mint By Budgeting
      • Defense Stocks On Sale?
      • Weekend Reading - June 19, 2011
      • Recent Buy
      • Income/Expenses for May 2011
      • Weekend Reading - June 10, 2011
      • Two Stocks On My Watchlist
      • Free Vacation!
      • Weekend Reading - June 5, 2011
      • Freedom Fund Update - June 2011
      • Dividend Income Update - May 2011
    • ► May 2011 (16)
      • Weekend Reading - May 29, 2011
      • Goals Page Updated
      • My New Ride!
      • Weekend Reading - May 22, 2011
      • Why I'm Buying Wal-Mart
      • Recent Buy
      • I Have Been Added To The Div-Net
      • Weekend Reading - May 15, 2011
      • My Birthday...And One Year In
      • Why Dividends?
      • Income/Expenses for April 2011
      • Weekend Reading - May 7, 2011
      • My Entry Criteria
      • Dividend Income Update - April 2011
      • Freedom Fund Update - May 2011
      • Weekend Reading - May 1, 2011
    • ► April 2011 (13)
      • New Page: Dividend Income
      • Kimberly-Clark: Is It A Solid Pick?
      • Weekend Reading - April 24, 2011
      • Recent Buy
      • Income/Expenses for March 2011
      • Weekend Reading - April 16, 2011
      • Procter and Gamble Raises Dividend 9%
      • Diversification
      • Weekend Reading - April 9, 2011
      • Dividend Income Update - March 2011
      • Freedom Fund Update
      • Weekend Reading - April 2, 2011
      • Recent Buy
    • ► March 2011 (12)
      • My VOIP Cell Phone
      • Weekend Reading - March 26, 2011
      • Three High Yield Stocks On My Radar
      • Paradise
      • Weekend Reading - March 19, 2011
      • Why I love PepsiCo
      • Cut Cable
      • Weekend Reading - March 12, 2011
      • McDonald's - A Wonderful Company
      • Dividend Income Update-January/February 2011
      • Recent Buy
      • Income/Expenses for February 2011

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