's (NYSE:) 13F filings.

by a wide margin over the last decade, as seen in the chart below:

Source: InvestingPro ProPicks

From this strategy, we will highlight two stocks: Procter & Gamble and The Coca-Cola Company, which are covered below in detail.

InvestingPro users can see the full strategy - along with the other five ProPicks strategies - on our ProPicks gallery page.

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1. Procter & Gamble (PG)

• InvestingPro Health Label: Good
• InvestingPro Fair Value: Fair (12.8% Upside)
• Forward P/E Ratio: 23.1x
• Dividend Yield: 2.6%

Procter & Gamble (NYSE:) provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care.

Shares are down 2.6% in the past month and 0.8% year to date.

What do Wall Street analysts say?

According to analysts surveyed by InvestingPro, Procter & Gamble is Fairly valued with 13.4% Upside.

Most recently, in November, Jefferies initiated coverage on Procter & Gamble with a Buy rating, writing:

"We think P&G will continue to drive peer-leading top and bottom-line growth over the next four years. Today's strong fundamentals pave the way for a more durable earnings stream and ROIC profile while widening an already sizable competitive moat”.

In October, DZ Bank upgraded the stock to Hold from Sell.

Key recent news

In October, Procter & Gamble reported of $1.83 per share on revenue of $21.9 billion. Analysts were looking for $1.72 earnings on revenue of $21.57B.

The company also provided its guidance for fiscal 2024, expecting EPS in the range of $6.25-$6.43, compared to the consensus of $6.07.

2. The Coca-Cola Company (KO)

• InvestingPro Health Label: Great
• InvestingPro Fair Value: Fair (7.4% Upside)
• Forward P/E Ratio: 23.5x
• Dividend Yield: 3.1%

Coca-Cola (NYSE:) manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages.

Shares are up 3.2% in the past month and down 4.9% year to date.

What do Wall Street analysts say?

According to analysts surveyed by InvestingPro, Coca-Cola is Fairly valued with 9.1% Upside.

Most recently, in November, Jefferies initiated coverage on Coca-Cola with a Hold rating and a price target of $64.00, writing:

Coke has momentum and underlying fundamentals are strong. A long runway of growth fueled by RGM, with further upside for the yet to be unlocked potential of its Total Beverage Strategy. There is a lot to like. However, at the current valuation we see limited upside (and limited downside) as the looming tax settlement ($24bn of equity at risk) may put a lid on shares, irrespective of the strength of their fundamentals.

Key recent news

In October, Coca-Cola reported of $0.74 per share on revenue of $12B. Analysts were looking for $0.70 earnings on revenue of $11.44B.

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*Readers of this article can enjoy an exclusive 10% discount on our annual Pro+ plan with coupon code BB1, and a similar discount of 10% on the bi-yearly Pro+ plan by using coupon code BB2 at checkout!