The Coca-Cola Company (KO)
| Market Cap | 288.85B |
| Revenue (ttm) | 46.07B |
| Net Income (ttm) | 10.78B |
| Shares Out | 4.31B |
| EPS (ttm) | 2.50 |
| PE Ratio | 26.82 |
| Forward PE | 22.78 |
| Dividend | $1.94 (2.89%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 13,521,305 |
| Open | 66.07 |
| Previous Close | 66.07 |
| Day's Range | 66.01 - 67.11 |
| 52-Week Range | 51.55 - 67.11 |
| Beta | 0.59 |
| Analysts | Buy |
| Price Target | 70.25 (+4.77%) |
| Earnings Date | Jul 23, 2024 |
About KO
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, caffeine free Diet ... [Read more]
Financial Performance
In 2023, KO's revenue was $45.75 billion, an increase of 6.39% compared to the previous year's $43.00 billion. Earnings were $10.71 billion, an increase of 12.28%.
Financial StatementsAnalyst Forecast
According to 16 analysts, the average rating for KO stock is "Buy." The 12-month stock price forecast is $70.25, which is an increase of 4.77% from the latest price.
News
Analysts Rally Behind Coca-Cola: Foresee Strong Growth and Resilience Amid Economic Challenges
On Tuesday, Coca-Cola Company KO reported second-quarter FY24 sales growth of 3% year-on-year to $12.4 billion, beating the analyst consensus estimate of $11.753 billion.
Coca-Cola says fewer people are eating dinner out, and it's hurting sales of its drinks
Some diners are eating out less often — and it's hitting Coca-Cola's sales in North America. There's been "some softness in away-from-home channels," CEO James Quincey told investors.
Stock plays to consider amid consumer weakness: Portfolio manager
Shares of Coca-Cola (KO) are climbing higher after the company topped earnings estimates despite consumer weakness. With other consumer brands yet to report their earnings, Gradient Investments portfo...
Coca-Cola's Revenues Grow 15% Despite ‘Soft Spots' Among Consumers
Consumer caution does not seem to be hurting the Coca-Cola Company. The food and beverage giant released earnings Tuesday (July 23) showing its organic revenues growing 15%, with management still ackn...
The Coca-Cola Company Announces Retirements of Three Directors
ATLANTA--(BUSINESS WIRE)--The Coca-Cola Company announced today that three longtime board members – Barry Diller, Alexis Herman and Marc Bolland – are retiring from their duties as directors effective...
Gold Moves Higher; Coca-Cola Increases FY24 Forecast
U.S. stocks traded slightly higher toward the end of trading, with the Dow Jones gaining by more than 50 points on Tuesday.
Coca-Cola's Revenue And Profit Shows Resilient Growth Amid Inflation: Goldman Sachs
Goldman Sachs analyst Bonnie Herzog reiterated a Neutral rating on the shares of Coca-Cola Company KO with a price target of $60.00.
Coca-Cola raises full-year outlook as global demand increases in Q2
Coca-Cola has announced an increase in its full-year outlook, attributing the rise to robust global demand for its beverages during the second quarter of 2024. The company has adjusted its forecast fo...
Coca-Cola Beats Estimates and Raises Guidance on Higher Volume and Prices
Shares of Coca-Cola (KO) advanced Tuesday as the world's biggest soft-drink maker posted better-than-expected results and raised its outlook on higher demand and prices.
Coca-Cola raises annual sales, profit forecasts on steady demand
Coca-Cola has been foraying into newer regions in Asia and Europe to keep its revenue growth intact and launching reformulated versions of its drinks.
Coca-Cola hikes full-year outlook as global demand rises
CNBC's Becky Quick reports on the company's quarterly earnings results.
Coca-Cola's stock climbs toward a 2-year high after earnings beat, raised outlook
Shares of Coca-Cola Co. KO, -0.80% climbed 1.1% toward a two-year high in premarket trading Tuesday, after the beverage giant beat second-quarter earnings expectations and raised its full-year outlook...
Coca-Cola Reports Second Quarter 2024 Results and Raises Full-Year Guidance
ATLANTA--(BUSINESS WIRE)--The Coca-Cola Company today reported second quarter 2024 results that demonstrate continued momentum in an industry with many growth opportunities. “We are encouraged with ou...
Coca-Cola is about to report earnings. Here's what Wall Street expects
For the full year, Coke expects organic revenue growth of 8% to 9% and comparable earnings growth of 4% to 5%. Shares of Coke have risen about 10% this year, while the S&P 500 has climbed 16%.
Coca-Cola Reports Earnings Tuesday. Weaker Demand for Snacks Could Spell Trouble.
If consumers start drinking less soda, Coca-Cola's revenue could grow more slowly or decline in the coming quarters.
What To Expect From Coca-Cola's Q2?
Coca-Cola (NYSE: KO) will report its Q2 2024 results on Tuesday, July 23. We expect the company's revenues to come in at $11.8 billion, marginally above the consensus estimate of $11.75 billion.
Coca-Cola Pops Bullish Ahead Of Q2 Earnings: Will The Fizz Last?
Coca-Cola Co KO is reporting its second-quarter earnings on Tuesday. Wall Street expects 80 cents in EPS and $11.8 billion in revenues as the company reports before market hours.
Three-Stock Lunch: IBM, Coca-Cola and American Airlines
Nations Indexes founder Scott Nations joins 'Power Lunch' to discuss stock plays for three stocks.
Femsa Is More Than a Mexican Coca-Cola Bottler. Why It's Time to Buy the Stock.
With a growing convenience-store business, the company's shares are looking attractive.
Wall Street's Most Accurate Analysts Give Their Take On 3 Defensive Stocks With Over 3% Dividend Yields
During times of turbulence and uncertainty in the markets, even when markets are at all-time highs, many investors turn to dividend-yielding stocks. These are often companies that have high free cash ...
CAN YOU HANDLE THE HEAT? BURGER KING® INTRODUCES ALL-NEW FIERY MENU
Starting July 18, BK restaurants across the U.S.* will roll out the Fiery Menu including five new items varying in levels of spice – from mild to wild. MIAMI , July 10, 2024 /PRNewswire/ -- Burger Kin...
Is Keurig Dr Pepper Stock A Better Beverage Pick Over Coca-Cola?
We believe that Keurig Dr Pepper stock is a better pick than its industry peer – Coca-Cola stock (NYSE: KO). KO stock trades at a higher multiple of 6x sales, versus 3x revenues for KDP.
Coca-Cola Co Digital Transformation Strategy Report 2024: Accelerators, Incubators, and Other Innovation Programs
Dublin, July 01, 2024 (GLOBE NEWSWIRE) -- The "The Coca-Cola Company - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.
Calls of the Day: Rio Tinto, AT&T, Coca-Cola & Disney
The Investment Committee breaks down the latest Calls of the Day.
The Coca-Cola Company Announces Timing of Second Quarter 2024 Earnings Release
ATLANTA--(BUSINESS WIRE)--The Coca-Cola Company today announced it will release second quarter 2024 financial results July 23 before the New York Stock Exchange opens. The release will be followed by ...