1 Magnificent S&P 500 Dividend Stock Down 15% to Buy and Hold Forever

Coca-Cola (KO -0.43%) is the kind of stock you buy when it is reasonably priced and hold on to forever. Right now could be just such a buying opportunity, given the 15% stock price decline over the past year, most of which has occurred in just the past three months. Not only is Coca-Cola a longtime member of the S&P 500 index, but it is also a Dividend King.Coca-Cola gets one thing rightTo be honest, I'm a PepsiCo (PEP -0.24%) person. I like that PepsiCo has a strong beverage business, an even stronger salt ...