Given its better prospects, we believe Coca-Cola stock (NYSE: KO) is a better pick than its sector peer Costco stock (NASDAQ: COST). Although both companies are from the Consumer Defensive sector, KO stock trades at a higher valuation multiple of 5.

Coca-Cola Consolidated Inc. raised $1.2 billion in the blue-chip bond market Tuesday to buy back stock.Most Read from BloombergOne Dead After Singapore Air Flight Hit By Severe TurbulenceASML, TSMC Can Disable Chip Machines If China Invades TaiwanHims Debuts $199 Weight-Loss Shots at 85% Discount to Wegovy‘It Felt Like We Had Crashed,