Coca-Cola Hits an All-Time High Despite Market Turmoil. Is the Dividend King a Buy Now?

The major indexes just suffered a historic sell-off eerily reminiscent of the COVID plunge in March 2020. But during a week when most stocks were hitting 52-week lows, Coca-Cola (KO -2.39%) was an exception.Coke hit an all-time high on April 3 before pulling back on April 4. For the week, it was down just 0.6% compared to a 7.9% decline in the Dow Jones Industrial Average (^DJI -0.91%), a 9.1% sell-off in the S&P 500 (^GSPC -0.23%), and a 10% decline in the Nasdaq Composite (^IXIC 0.10%).Here's why Coca-Col ...