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

$61.99
+0.06 (+0.10%)
(As of 05/2/2024 ET)
Today's Range
$61.72
$62.40
50-Day Range
$58.06
$62.04
52-Week Range
$51.55
$64.25
Volume
10.97 million shs
Average Volume
13.95 million shs
Market Capitalization
$267.25 billion
P/E Ratio
24.80
Dividend Yield
3.13%
Price Target
$68.27

Coca-Cola MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.89 Rating Score
Upside/​Downside
10.1% Upside
$68.27 Price Target
Short Interest
Healthy
0.55% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
0.75mentions of Coca-Cola in the last 14 days
Based on 78 Articles This Week
Insider Trading
Selling Shares
$19.66 M Sold Last Quarter
Proj. Earnings Growth
7.12%
From $2.81 to $3.01 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.

4.54 out of 5 stars

Consumer Staples Sector

39th out of 132 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

Mastering Stocks in the Dow: Insights into the DJIA (KO)
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Impinj Proves The Internet-of-Things (IoT) is No Fluke (KO)
Internet-of-Things (IoT) technology provider Impinj is riding a strong secular tailwind as the world continues to become more connected and raises guidance.
The AI stock to buy right now
There are about 350,000 large corporations worldwide. Can you see the potential for this AI company to grow like crazy?
Did the Rally in Coca-Cola Company Stock Just Fizzle Out?
Shares of Coca-Cola Company NYSE: KO gained nearly 20% from 2023's low to 2024's high and about 6% for the year because of the growth outlook, valuation, and capital return. The stock is pulling back to retest support following the Q1 release because the news, as good as it is, was little more than what the market expected.
Did the Rally in Coca-Cola Company Stock Just Fizzle Out?
Coca-Cola Company's 3% yield is safe, and the distribution will grow for another year in 2024. Pricing power supports the rally in KO stocks.
Microsoft Fires a Trend Following Signal: Targets Move Higher (KO)
Microsoft is cementing its position as a leader in AI infrastructure and services across the stack. Analysts raise price targets.
Comprehensive PepsiCo Stock Analysis (KO)
PepsiCo is a blue-chip dividend payer with growth in the forecast. Growth for its business and growth for capital returns which include share buybacks.
How to Protect your Portfolio Against a Rising VIX
Stocks never really stay put. Every once in a small timeframe cycle, they tend to jump and have little ‘hiccups'.
The AI stock to buy right now
There are about 350,000 large corporations worldwide. Can you see the potential for this AI company to grow like crazy?
How to Protect your Portfolio Against a Rising VIX (KO)
Three stocks could soon become a safe haven for investors looking to escape the VIX's rise back to its 2024 highs. Steady financials and strong brands rule here
Coca-Cola (NYSE:KO) Shares Up 0.3% After Analyst Upgrade
Coca-Cola Beats Estimates
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
Today
5/03/2024
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
$68.27
High Stock Price Target
$74.00
Low Stock Price Target
$60.00
Potential Upside/Downside
+10.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.89
Research Coverage
9 Analysts

Profitability

Net Income
$10.71 billion
Pretax Margin
27.72%

Debt

Sales & Book Value

Annual Sales
$45.75 billion
Cash Flow
$2.97 per share
Book Value
$6.48 per share

Miscellaneous

Outstanding Shares
4,311,190,000
Free Float
4,269,371,000
Market Cap
$267.25 billion
Optionable
Optionable
Beta
0.57

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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 and diversified product portfolio, including popular brands like Sprite, Fanta, and Minute Maid, which provides stability and potential for growth in various beverage segments.
  • The company has a wide distribution network through independent bottling partners, distributors, and retailers, ensuring broad market reach and accessibility for its products.
  • Coca-Cola's focus on innovation and introducing new products, such as BODYARMOR sports drink and Costa coffee, demonstrates adaptability to changing consumer preferences and market trends.
  • With a long history dating back to 1886, Coca-Cola has established a strong brand presence globally, fostering brand loyalty and recognition among consumers.
  • Recent financial reports indicate steady revenue growth and profitability, with a positive outlook for future earnings, making it an attractive investment option.

Cons

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

  • The beverage industry is highly competitive, with increasing health-conscious consumer trends leading to potential challenges for sugary drink sales, impacting Coca-Cola's traditional product lines.
  • Fluctuations in commodity prices, such as sugar and aluminum, can affect production costs and profit margins for Coca-Cola, posing risks to its financial performance.
  • Environmental concerns and changing regulations related to plastic waste and packaging materials may lead to additional costs for Coca-Cola in sustainability efforts and compliance measures.
  • Currency exchange rate fluctuations in international markets where Coca-Cola operates can impact the company's revenues and earnings due to foreign exchange risks.
  • The stock price of Coca-Cola, while historically stable, may face volatility in response to market conditions, economic uncertainties, or unexpected events, requiring careful monitoring by investors.
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 Thursday, April 11, 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?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last twelve months. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street 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?

9 brokers have issued twelve-month price targets for Coca-Cola's stock. Their KO share price targets range from $60.00 to $74.00. On average, they predict the company's stock price to reach $68.27 in the next year. This suggests a possible upside of 10.1% 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 on January 1st, 2024. Since then, KO shares have increased by 5.2% and is now trading at $61.99.
View the best growth stocks for 2024 here
.

Are investors shorting Coca-Cola?

Coca-Cola saw a increase in short interest in March. As of March 31st, there was short interest totaling 26,680,000 shares, an increase of 11.8% from the March 15th total of 23,860,000 shares. Based on an average trading volume of 13,930,000 shares, the days-to-cover ratio is presently 1.9 days. Approximately 0.6% of the company's stock 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) released its earnings results on Tuesday, April, 30th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. The firm 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 company's revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.68 EPS.
Read the conference call transcript
.

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

Coca-Cola announced a quarterly dividend on Thursday, February 15th. Investors of record on Friday, March 15th will be given a dividend of $0.485 per share on Monday, April 1st. This represents a $1.94 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of $0.46.
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 3.13%. 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 64.45% 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 updated 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 a variety of institutional and retail investors. Top institutional shareholders include Bank of New York Mellon Corp (0.78%), Nordea Investment Management AB (0.30%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Principal Financial Group Inc. (0.19%), Raymond James & Associates (0.10%) and New York State Teachers Retirement System (0.09%). 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, Nikolaos Koumettis and Stephen Furlong.
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 5/3/2024 by MarketBeat.com Staff

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