Established industry giants don't usually make the cut for exciting, hyped-up stocks. But investors have been loving Coca-Cola (NYSE: KO) this year. The beverage giant is up 21% year to date, beating the S&P 500 and hitting new record highs along the way. Is it too late to buy the stock?

U.S. stock indexes are drifting around their records as hopes hold that the economy can pull off the rare feat of getting painfully high inflation under control without a recession. The S&P 500 was up 0.