NEW YORK (TheStreet) -- What is the price of security? In some instances, it is worth a great deal more than promises of higher returns. What I have come to realize is that often on Wall Street, "security" is often the most compelling reason for investors to enter a position on a stock. Such is the case for global beverage and food giants Coca-Cola (KO - Get Report) and PepsiCo (PEP - Get Report).
As with Coca-Cola, the downside of the report was with the company's gross margins which arrived at 52.6% or 210 basis points worse on an annual basis. Operating margin arrived at 13.9% and 130 basis points worse than last year. Although margins disappointed, the company reported revenue of $12.43 billion -- topping consensus estimates of $12.39 billion. Sales arrive 4.1% higher than prior-year quarter's $11.94 billion.