The beverage company reports earnings later this month, and it could do so with its stock trading at a new all-time high.

Coca-Cola is a consumer staples giant and a Dividend King. The stock offers an attractive 3% yield and, after a stock pullback, its valuation is reasonable, too.

With leading brands and stout cost advantages, we’ve long believed that Coca-Cola (the dominant player in the carbonated soft drink—CSD—space, with nearly 21% value share per Euromonitor) and PepsiCo ...