It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. A number of institutional investors and hedge funds have recently modified their holdings of KO. Creative Planning increased its holdings in shares of Coca-Cola by 4.0% in the 3rd quarter.
Coca-Cola Pops In Q4—Revenue Soars 6%, CEO Hails ‘All-Weather Strategy’
Unlike investing, CFDs are traded on margin, so you can get greater exposure than your initial deposit. In other words, this gives you exposure to KO stock price movements without you having to purchase the shares outright. Coca-Cola reported unit case volumes up 2% in the October-December period, reversing a 1% decline in the third quarter.
Year-End Market Values
Trust Co. of https://www.forex-reviews.org/ Vermont increased its holdings in shares of Coca-Cola by 14.9% in the 3rd quarter. Trust Co. of Vermont now owns 79,045 shares of the company’s stock worth $5,680,000 after purchasing an additional 10,229 shares in the last quarter. Finally, Vista Investment Partners LLC boosted its stake in shares of Coca-Cola by 0.7% in the 3rd quarter.
So you could buy a few shares if you crave that financial stability, or sell if you see more exciting places to park your cash. But you should probably keep doing whatever you’re already doing with this stock. You could do a lot worse than Coca-Cola if you’re seeking long-term stability and robust dividends, with an annual yield of 3.1% at today’s prices. In that category, a single-year return of 11% would usually look fantastic.
For valuing profitable companies with steady earnings
This means you How to become a forex trader speculate on the price movement of the underlying asset without actually owning it. Firstly, you can invest in the shares by purchasing them outright from a stockbroker. This means you will own physical shares in Coca-Cola Company, usually as a long-term investment. This dipped dramatically in 1920 to just $19.50 a share, reflecting the dramatic socioeconomic changes happening at the time.
This company essentially sells drink concentrates to a massive network of bottling and distribution partners, resulting in lower capital costs and operating expenses. Coca-Cola topped Wall Street’s estimates for its fourth-quarter earnings and revenue. The beverage giant reported net sales growth of 6% for the quarter, fueled by rising demand for its drinks. Turning to Wall Street, analysts have a Strong Buy consensus rating on KO stock based on 12 Buys and one Holds assigned in the past three months, as indicated by the graphic below. After a 15.44% rally in its share price over the past year, the average KO price target of $71.46 per share implies 6.9% upside potential.
- Pemberton sold his formula and brand in 1889 to Asa Griggs Candler who then embarked on a nationwide advertising campaign.
- Overall revenue in Q4 rose 6% to $11.54 billion, which easily topped the $10.68 billion consensus compiled by LSEG (formerly Refinitiv).
- This volatility continued throughout the 1920s and 1930s, with rises from $80 to ~$150 between 1924 and 1925, and record highs of around $170 in 1926.
- In 2022, it closed at $63.61 (year end), and has been relatively stable ever since.
- Meanwhile, while overall volume growth remains modest, the company continues to gain share in key categories.
- He noted that Coke does buy some Canadian aluminum, which would go up in price under the tariffs.
Consensus Rating
“Our all-weather strategy is working, and we continue to demonstrate our ability to lead throu… Coca-Cola stock is higher Tuesday after Warren Buffett’s favorite soft drink maker beat expectations for its fourth quarter. Coca-Cola will shift to using more plastic bottles instead of aluminum if the latest wave of tariffs from President Trump take effect. Coke CEO James Quincey said the company imports some aluminum fro… The Coca-Cola Company is one of the world’s most recognized brands. Founded in 1886, the company today is vastly different from its creator’s original intent.
- Coca-Cola Company KO shares are trading higher following better-than-expected fourth-quarter earnings results.
- Finally, Truist Financial increased their target price on Coca-Cola from $70.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th.
- While Coca-Cola currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
- DZ Bank raised Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Thursday.
- To put the company’s growth and scale into perspective, one share of KO purchased at the IPO price of $40 was worth nearly $10 million in 2012 and the stock price has nearly doubled since then.
- In fact, its stock price is up only about 15% over the past five years, as of this writing.
That is why Coke has a plan going forward, and that foresight sent shares shooting up nearly 4% in Tuesday afternoon’s trading. Prices/mix in EMEA (Europe, Middle East, and Africa) rose by 11%, with unit volumes flat. Latin America saw price/mix soar 23%, but more than half of that was due to the impact of inflationary pricing in Argentina. Coca-Cola is a liquid stock, increasing the likelihood of your trades being executed at your desired price. That said, it’s important to note that, as with any shares, Coca-Cola can experience volatility that can lead to losses, especially in light of earnings results or other company news. Soft drinks giant Coca-Cola Company KO reported better-than-expected fourth-quarter earnings results, and the following are the analysts’ comments on them.
2024 is a special case with every stock bouncing back from a couple of terrible years. While Coca-Cola currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… While the stock has been range bound for a while, it should be able to start to grow out of that range at its current valuation and growth profile. As such, investors with a long view can consider adding the stock binance canada review here.