On a day where the S&P/ASX 200 Index (Index: ^AXJO) (ASX: XJO) has once again dropped below the 5,500 mark, shares in Coca-Cola Amatil Ltd (ASX: CCL) have also been tested, dropping 8c or 0.83%. The stock has fallen a total of 1.5% since peaking at $9.69 on Monday.
It has by no means been a positive 12 months for shareholders in the beverage distributor. Shares have ranged from a low of just $9.00 to a high of $13.40. In March 2013 they were sitting even higher at $15.40.
Although shareholders want to see their shares rise in price, today presents as a good day for prospective investors to buy a stake in the company. Although the short-term could remain volatile, the long-term is looking much brighter thanks to the company's strong brands and performance-oriented management team.
At $9.54, Coca-Cola Amatil boasts a market capitalisation of $7.3 billion and offer a 5.3% dividend (based on 2015 forecast), franked to 75%. That's a more attractive yield than other blue chips like BHP Billiton Limited (ASX: BHP) or Woolworths Limited (ASX: WOW) currently offer…
Another promising ASX GROWTH stock…
Coca-Cola Amatil would be an excellent pick up for long-term oriented investors, but there is another stock that is also well worth considering…
