1 Hidden Way To Play Everyone's Favorite Dividend Stock

In today's edition of "Talking Stocks," analyst Austin Smith looks at a hidden way to play everyone's favorite dividend stock -- Coca-Cola.

Scary times like this with heightened volatility often causes investors to run for the safety of high yields, but sometimes there can be hidden ways to play these favorite dividend plays instead. In Coca-Cola's case, a cheaper alternative to play their brand strength could be Coca-Cola Hellenic. Investors that see the "hellenic" here and get scared should take a step back. Despite being headquartered in Greece, only a small percentage of its volume comes from the country, and about 50% of its volume comes from high-growth emerging markets. These emerging markets are crucial to Coca-Cola's long-term growth. Not only that, CCH trades for a significant discount to free cash flow when compared to Coke major and other companies in the beverage space. If you're looking at a peripheral way to play this great stock, this may be opportunity knocking.

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At the time thisarticle was published Austin Smith owns shares of The Coca-Cola Company and PepsiCo. The Motley Fool owns shares of The Coca-Cola Company and PepsiCo. Motley Fool newsletter services recommend Monster Beverage, PepsiCo, and The Coca-Cola Company. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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