3 Stocks to Buy to Put Your Portfolio in “Set It and Forget It” Mode

In the fast-paced world of stock investing, finding the right mix of stability and growth can be a challenge. For investors looking for a set-it-and-forget-it strategy—one that requires minimal maintenance while steadily building wealth—picking the right stocks is crucial. This approach prioritizes long-term performance and reliable dividends, allowing your portfolio to grow with less frequent oversight.

In this article, I’ll focus on three stocks that could boost your portfolio in the lowest maintenance way. One is known for global beverage dominance, the other reputed for defense sector reliability, and the third is lauded for its extensive portfolio of quick-service restaurants. Each brings unique advantages to a long-term investment strategy, so make sure you have them in your portfolio right now.

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Coca-Cola (KO)

Coca-Cola ( NYSE:KO ) is moving into non-carbonated drinks as soda sales decline, driven by changing consumer preferences and the impact of weight loss drugs. Despite trading below recent averages, analysts predict sales growth in 2025. Coca-Cola, a dividend king, has raised its payout for 63 consecutive years.

In July, Coca-Cola raised its forecast for 2024now expects organic revenue growth of 9-10%, from 8-9%, and comparable revenue growth of 5-6%, from 4-5%. The boost comes after strong global demand in Q2. Shares gained 1 percent as the company reported adjusted EPS of 84 cents on revenue of $12.36 billion, beating estimates. Net income fell to $2.41 billion, or 56 cents a share, from $2.55 billion a year earlier.

In other news, Coca-Cola and OREO were launched limited edition treats: Coca-Cola OREO Zero Sugar and OREO Coca-Cola Sandwich Cookie. The sleek black and white packaging features creative branding elements, combining the taste of Coca-Cola with signature OREO flavors and fun designs.

Lockheed Martin (LMT)

Lockheed Martin (NYSE:LMT), known for its defense contracts, has seen strong growth in its space segment. Last quarter, space net sales increased $310 million (10%) compared to Q1 2023, and operating profit increased $45 million (16%) year over year.

Lockheed Martin stock hit a record high of $562.87, reflecting a 26.59% increase over last year. This growth is driven by strong financials, strategic acquisitions and consistent government contracts. The company’s defense innovation boosted investor confidence. Recently, Lockheed Martin partnered with General Dynamics to address a shortage of solid rocket motors, and Boeing announced increased production of PAC-3 seekers to meet growing demand for Patriot missile defense systems.

Strategic and missile defense programs led the increase, along with national security space programs, which added $115 million in revenue. With geopolitical tensions rising, Lockheed Martin’s space-related revenues and profits are expected to continue to grow as demand from the US and NATO allies increases.

Restaurant Brands (QSR)

Restaurant brands (NYSE:QSR) shares are up 13% over five years and 149% over ten, showing less long-term growth compared to McDonald’s. If McDonald’s $5 menu continues to attract customers, it could hurt Restaurant Brands. Although Burger King launched its own $5 menu this summer, same-store sales in the US were flat, indicating that consumers preferred McDonald’s offerings.

The company impressed investors with consolidated comparable sales growth of 4.6%. Q1 2024, although down from 10.3% last year. Tim Hortons, Burger King and Popeyes posted a 6.9%, 3.8% and 5.7% offset, respectively. Strengthening core offerings and improving restaurant operations drove growth. The company focused on menu innovation, digital strategies and operations, investing $6 million in its Fuel the Flame initiative and focusing on service training and culture building at Burger King.

Restaurant brands Q2 same-store sales up 1.9%with international locations up 2.6%. Tim Hortons was up 4.6 percent, but Burger King and Firehouse Subs were down 0.1 percent. The company acquired Popeyes China in June, and QSR shares, down 9% this year, present a buying opportunity.

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