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Coca-Cola (KO) Stock Price, News & Analysis

$62.63
+0.01 (+0.02%)
(As of 06/18/2024 ET)
Today's Range
$62.44
$62.82
50-Day Range
$58.06
$64.14
52-Week Range
$51.55
$64.36
Volume
10.65 million shs
Average Volume
13.05 million shs
Market Capitalization
$269.81 billion
P/E Ratio
25.05
Dividend Yield
3.10%
Price Target
$68.55

Coca-Cola MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.90 Rating Score
Upside/​Downside
9.4% Upside
$68.55 Price Target
Short Interest
Healthy
0.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
0.62mentions of Coca-Cola in the last 14 days
Based on 37 Articles This Week
Insider Trading
Selling Shares
$14 M Sold Last Quarter
Proj. Earnings Growth
7.09%
From $2.82 to $3.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.37 out of 5 stars

Consumer Staples Sector

28th out of 135 stocks

Beverages Industry

4th out of 12 stocks

KO stock logo

About Coca-Cola Stock (NYSE:KO)

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. The original formula was invented by John Stith Pemberton as a health drink, energy boost, and patent medicine following his time in the Civil War. The name is derived from two of the original ingredients coca leaves and kola nuts, although those ingredients are not used today, and was intended to be sold in pharmacies.

Pemberton sold his formula and brand in 1889 to Asa Griggs Candler who then embarked on a nationwide advertising campaign. By 1895 Coca-Cola was being sold in every state in the union and it wouldn’t be long before the beverage was being enjoyed worldwide. By 1889 the company was operating under a franchised distribution system that is still in effect today.

Today, the Coca-Cola Company primarily makes syrups that are shipped to bottler/distributors who command exclusive territories. The Coca-Cola Company retains ownership of the largest US bottler, Coca-Cola Refreshments but there are many others around the world. Coca-Cola Femsa, of which The Coca-Cola Company owns 28%, is located in Mexico and is the world’s largest bottler of Coca-Cola

The Coca-Cola Company is headquartered in Atlanta, Georgia, and operates as a beverage company worldwide with sales in over 200 countries. The company manufactures, markets, and sells various nonalcoholic beverages and has expanded well beyond soda and pop. After years of expansion and acquisitions, The Coca-Cola Company is represented in verticals from sparkling soft drinks to flavored water, enhanced water, sports beverages, juice, dairy, tea, and coffee. Brands under the Coca-Cola umbrella include Fanta, Fresca, Schweppes, Sprite, Dasani, Gold Peak, Minute Maid, Simply, BODYARMOR, FUZE TEA, and Powerade brands.

The Coca-Cola Company first went public in 1919 and it began paying a dividend in 1920. The company has raised its dividend every year since 1962 making it a Dividend King. 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. Underwriters of the original IPO received $100,000 worth of shares in compensation for the deal and were able to sell it for $2 billion at that time. The Coca-Cola Company is also a component of the Dow Jones Industrial Average holding its position from 1932 to 1935 and from 1987 to the present.

 

KO Stock Price History

KO Stock News Headlines

Workers knock down a former Coca-Cola Co
The fizz is gone: Atlanta's former Coca-Cola museum demolished for parking lot
Georgia’s state government is demolishing a building that once housed a Coca-Cola museum
A worker harvests oranges on a farm in Mogi Guacu, Brazil, Thursday, June 13, 2024
High orange juice prices may be on the table for a while due to disease and extreme weather
Orange juice prices have always been volatile and highly dependent on the weather
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Coca-Cola (NYSE:KO) Shares Down 0.5% After Insider Selling
Coca-Cola (NYSE:KO) Lowered to Hold at StockNews.com
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See More Headlines
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Company Calendar

Ex-Dividend for 4/1 Dividend
3/14/2024
Dividend Payable
4/01/2024
Last Earnings
4/30/2024
Ex-Dividend for 7/1 Dividend
6/14/2024
Today
6/18/2024
Dividend Payable
7/01/2024
Next Earnings (Estimated)
7/24/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Beverages
Sub-Industry
Soft Drinks
CUSIP
19121610
Employees
79,100
Year Founded
1892

Price Target and Rating

Average Stock Price Target
$68.55
High Stock Price Target
$72.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+9.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.90
Research Coverage
10 Analysts

Profitability

Net Income
$10.71 billion
Pretax Margin
27.72%

Debt

Sales & Book Value

Annual Sales
$45.75 billion
Cash Flow
$2.96 per share
Book Value
$6.36 per share

Miscellaneous

Outstanding Shares
4,307,960,000
Free Float
4,266,168,000
Market Cap
$269.81 billion
Optionable
Optionable
Beta
0.59

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Should I Buy Coca-Cola Stock? KO Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Coke:

  • Coca-Cola has a strong brand presence globally, leading to consistent revenue streams and market stability.
  • The company has a history of paying dividends, providing investors with a steady income stream.
  • Recent innovations in product offerings, such as healthier beverage options, have the potential to attract a wider consumer base and drive sales growth.
  • With a current stock price of $55 per share, Coke presents a relatively affordable entry point for investors looking to add a stable blue-chip stock to their portfolio.
  • Strong financial performance and a solid balance sheet indicate stability and resilience in challenging economic environments.

Cons

Investors should be bearish about investing in Coke for these reasons:

  • Coca-Cola faces increasing competition from healthier beverage alternatives and changing consumer preferences, potentially impacting long-term growth prospects.
  • Fluctuations in currency exchange rates can affect the company's international operations and earnings, leading to volatility in stock performance.
  • Environmental concerns related to plastic waste and sustainability practices could pose reputational risks and regulatory challenges for the company.
  • Dependence on bottling partners for distribution exposes Coke to supply chain disruptions and logistical issues, impacting operational efficiency.
  • Changing regulatory landscape and potential taxation policies on sugary beverages may impact sales volumes and profitability in certain markets.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, June 2, 2024. Please send any questions or comments about these Coca-Cola pros and cons to contact@marketbeat.com.

KO Stock Analysis - Frequently Asked Questions

Should I buy or sell Coca-Cola stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" KO shares.
View KO analyst ratings
or view top-rated stocks.

What is Coca-Cola's stock price target for 2024?

10 Wall Street research analysts have issued twelve-month price objectives for Coca-Cola's shares. Their KO share price targets range from $60.00 to $72.00. On average, they expect the company's stock price to reach $68.55 in the next year. This suggests a possible upside of 9.4% from the stock's current price.
View analysts price targets for KO
or view top-rated stocks among Wall Street analysts.

How have KO shares performed in 2024?

Coca-Cola's stock was trading at $58.93 at the start of the year. Since then, KO stock has increased by 6.3% and is now trading at $62.63.
View the best growth stocks for 2024 here
.

Are investors shorting Coca-Cola?

Coca-Cola saw a decline in short interest in the month of May. As of May 31st, there was short interest totaling 29,390,000 shares, a decline of 7.9% from the May 15th total of 31,920,000 shares. Based on an average daily volume of 12,730,000 shares, the days-to-cover ratio is presently 2.3 days. Approximately 0.7% of the shares of the company are short sold.
View Coca-Cola's Short Interest
.

When is Coca-Cola's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 24th 2024.
View our KO earnings forecast
.

How were Coca-Cola's earnings last quarter?

The Coca-Cola Company (NYSE:KO) announced its earnings results on Tuesday, April, 30th. The company reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. The company earned $11.30 billion during the quarter, compared to analysts' expectations of $11.01 billion. Coca-Cola had a net margin of 23.41% and a trailing twelve-month return on equity of 42.74%. The business's revenue was up 2.7% compared to the same quarter last year. During the same period last year, the company earned $0.68 earnings per share.
Read the conference call transcript
.

How often does Coca-Cola pay dividends? What is the dividend yield for Coca-Cola?

Coca-Cola declared a quarterly dividend on Thursday, May 2nd. Investors of record on Friday, June 14th will be given a dividend of $0.485 per share on Monday, July 1st. This represents a $1.94 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date is Friday, June 14th.
Read our dividend analysis for KO
.

Is Coca-Cola a good dividend stock?

Coca-Cola (NYSE:KO) pays an annual dividend of $1.94 per share and currently has a dividend yield of 3.10%. The company has been increasing its dividend for 63 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 77.60%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, KO will have a dividend payout ratio of 64.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KO.

What guidance has Coca-Cola issued on next quarter's earnings?

Coca-Cola issued an update on its FY24 earnings guidance on Tuesday, April, 30th. The company provided earnings per share guidance of $2.80-$2.82 for the period, compared to the consensus earnings per share estimate of $2.81.

What is James Quincey's approval rating as Coca-Cola's CEO?

797 employees have rated Coca-Cola Chief Executive Officer James Quincey on Glassdoor.com. James Quincey has an approval rating of 92% among the company's employees. This puts James Quincey in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Coca-Cola own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Coca-Cola investors own include AT&T (T), Johnson & Johnson (JNJ), Verizon Communications (VZ), Walt Disney (DIS), Exxon Mobil (XOM), Intel (INTC), Pfizer (PFE), Procter & Gamble (PG), Cisco Systems (CSCO) and JPMorgan Chase & Co. (JPM).

Who are Coca-Cola's major shareholders?

Coca-Cola's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.57%), Price T Rowe Associates Inc. MD (1.14%), Bank of New York Mellon Corp (0.78%), Fayez Sarofim & Co (0.38%), Nordea Investment Management AB (0.30%) and Mitsubishi UFJ Asset Management Co. Ltd. (0.29%). Insiders that own company stock include Alfredo Rivera, Beatriz R Perez, Brian John Smith, Bruno Pietracci, Carolyn Everson, Henrique Braun, Herbert A Allen III, James Quincey, Jennifer K Mann, Jennifer K Mann, John Murphy, Kathy Loveless, Manuel Arroyo, Mark Randazza, Monica Howard Douglas, Nancy Quan and Nikolaos Koumettis.
View institutional ownership trends
.

How do I buy shares of Coca-Cola?

Shares of KO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Coca-Cola have any subsidiaries?
The following companies are subsidiares of Coca-Cola: Atlantic Industries, BA Sports Nutrition LLC, BODYARMOR Sports Nutrition, Barlan Inc., Barq's, Beverage Financial Centre Unlimited Company, C.H.I. Limited, CCHBC Grouping Inc., Coca-Cola Beverages Africa, Coca-Cola Beverages Africa Proprietary Limited, Coca-Cola Beverages Company Limited, Coca-Cola Beverages Philippines Inc., Coca-Cola Beverages Vietnam Ltd., Coca-Cola Company Limited, Coca-Cola Holdings Limited, Coca-Cola Holdings UK Limited, Coca-Cola Indochina Pte Ltd, Coca-Cola Industrias Limitada —, Coca-Cola Industrias Sociedad de Responsabilidad Limitada, Coca-Cola Investment Limited, Coca-Cola Ltd., Coca-Cola Midi S.A.S., Coca-Cola Oasis LLC, Coca-Cola Overseas Parent Limited LLC, Coca-Cola Refreshments USA LLC, Coca-Cola South Asia Holdings Inc., Coca-Cola de Chile S.A., Columbia Pictures Entertainment, Costa Limited, Dulux CBAI 2003 B.V., Energy Brands Inc., European Refreshments Unlimited Company, Fairlife, Fresh Trading Limited, Fuze Beverage, Glaceau, Hindustan Coca-Cola Beverages Private Limited, Hindustan Coca-Cola Holdings Private Limited, Hindustan Coca-Cola Overseas Holdings Pte. Limited, MAA Investimentos e Participacoes Societarias Ltda, MOJO Beverages, Minute Maid, Nidan Soki, Organic & Raw Trading Co, Pacific Refreshments Pte. Ltd., Recofarma Industria do Amazonas Ltda., Red Life Reinsurance Limited, Red Re Captive Insurance Company Inc., Refreshment Product Services Inc., Servicios Integrados de Administracion y Alta Gerencia S. de R.L. de C.V., Servicios y Productos para Bebidas Refrescantes S.R.L., The Coca-Cola Export Corporation, The Coca-Cola Trading Company LLC, The Inmex Corporation, Tropico, Varoise de Concentres S.A.S., Zico, and fairlife LLC.
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This page (NYSE:KO) was last updated on 6/19/2024 by MarketBeat.com Staff

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