KO's focus on core brands, innovation efforts, redefined marketing approach and digital expansion position it for long-term growth.

Companies that make shareholders wealthy must be efficient and profitable, and Coca-Cola meets both criteria. In a given year, the company converts roughly 20% to 30% of its sales into free cash flow and earns a solid 15% return on invested capital. In other words, good things happen when Coca-Cola invests in the business.

Pivoting to Coca-Cola, its top line is projected to increase by 1% in FY24 and is expected to expand another 4% in FY25 to $48.02 billion. Coca-Cola is now expected to post 6% EPS growth in FY24 with annual earnings projected to increase another 3% in FY25 to $2.96 per share.

Coca-Cola has a proven track record of global brand power and a reliable dividend. Domino's is operating smoothly and growing despite global economic volatility. Both of these stocks trade at the same P/E ratio,