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Morningstar Moat Trend Rating: Stable Morningstar Rating: 4 Stars Data as of Jan. 29, 2021 Beverage behemoth Coca-Cola owns the world’s leading carbonated beverage brands including Coke, Fanta, and Sprite, as well as nonsparkling brands, such as Minute Maid and Georgia Coffee. The company entered the hot-beverage market after buying British coffee giant Costa. Big Red generates most of its revenue internationally and is well positioned to benefit from the growing wealth in emerging markets. “Coca-Cola’s ubiquity and brand resonance in the nonalcoholic beverage category has been going strong for over 130 years, and we see structural dynamics that will ensure this persists,” says a Morningstar equity report.

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