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

Coca-Cola logo
$64.07 +0.37 (+0.58%)
(As of 10:05 AM ET)

About Coca-Cola Stock (NYSE:KO)

Key Stats

Today's Range
$63.92
$64.32
50-Day Range
$63.68
$73.03
52-Week Range
$56.06
$73.53
Volume
1.65 million shs
Average Volume
13.22 million shs
Market Capitalization
$276.00 billion
P/E Ratio
26.48
Dividend Yield
3.03%
Price Target
$71.80
Consensus Rating
Moderate Buy

Company Overview

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.

 

Coca-Cola Stock Analysis - MarketRank™

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96th Percentile Overall Score

KO MarketRank™: 

Coca-Cola scored higher than 96% of companies evaluated by MarketBeat, and ranked 21st out of 137 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Coca-Cola has received a consensus rating of Moderate Buy. The company's average rating score is 2.82, and is based on 12 buy ratings, 4 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Coca-Cola has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Coca-Cola's stock forecast and price target.
  • Earnings Growth

    Earnings for Coca-Cola are expected to grow by 4.21% in the coming year, from $2.85 to $2.97 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Coca-Cola is 26.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 135.50.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Coca-Cola is 26.31, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 19.01.

  • Price to Earnings Growth Ratio

    Coca-Cola has a PEG Ratio of 3.96. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Coca-Cola has a P/B Ratio of 9.74. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Coca-Cola's valuation and earnings.
  • Percentage of Shares Shorted

    0.74% of the float of Coca-Cola has been sold short.
  • Short Interest Ratio / Days to Cover

    Coca-Cola has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Coca-Cola has recently decreased by 6.13%, indicating that investor sentiment is improving significantly.
  • Dividend Yield

    Coca-Cola pays a meaningful dividend of 2.98%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Coca-Cola has been increasing its dividend for 63 years.

  • Dividend Coverage

    The dividend payout ratio of Coca-Cola is 80.17%. Payout ratios above 75% are not desirable because they may not be sustainable.

  • Dividend Sustainability

    Based on earnings estimates, Coca-Cola will have a dividend payout ratio of 65.32% next year. This indicates that Coca-Cola will be able to sustain or increase its dividend.

  • Read more about Coca-Cola's dividend.
  • Percentage of Shares Shorted

    0.74% of the float of Coca-Cola has been sold short.
  • Short Interest Ratio / Days to Cover

    Coca-Cola has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Coca-Cola has recently decreased by 6.13%, indicating that investor sentiment is improving significantly.
  • News Sentiment

    Coca-Cola has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Consumer Staples companies.
  • News Coverage This Week

    MarketBeat has tracked 41 news articles for Coca-Cola this week, compared to 28 articles on an average week.
  • Search Interest

    Only 141 people have searched for KO on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
  • MarketBeat Follows

    66 people have added Coca-Cola to their MarketBeat watchlist in the last 30 days. This is an increase of 94% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Coca-Cola insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $14,274,431.00 in company stock.

  • Percentage Held by Insiders

    Only 0.97% of the stock of Coca-Cola is held by insiders.

  • Percentage Held by Institutions

    70.26% of the stock of Coca-Cola is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Coca-Cola's insider trading history.
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KO Stock News Headlines

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Even though shares of Tesla are only up 3% this year, one man believes Tesla’s next bull run is just around the corner. In his professional opinion, the share price could reach $500 or more… Now, we understand that may seem far-fetched, but as you’ll see in his new ebook, it’s not as crazy as it may sound. In fact, he argues a Trump presidency could make it happen much faster than you might think. which is why we’re emailing you now… For the time being, he’s giving away his Tesla ebook for free. Inside explains how shares could reach $500 in the near future.
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LA County sues Pepsi, Coca-Cola over plastic bottles
Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution
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See More Headlines

KO Stock Analysis - Frequently Asked Questions

Coca-Cola's stock was trading at $58.93 at the beginning of 2024. Since then, KO shares have increased by 8.1% and is now trading at $63.6750.
View the best growth stocks for 2024 here
.

The Coca-Cola Company (NYSE:KO) posted its quarterly earnings data on Wednesday, October, 23rd. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.03. The company's quarterly revenue was down .8% compared to the same quarter last year.
Read the conference call transcript
.

The following companies are subsidiaries of Coca-Cola: BODYARMOR Sports Nutrition, Fairlife, C.H.I. Limited, Costa Limited, Tropico, Organic & Raw Trading Co, MOJO Beverages, and more.

Coca-Cola's top institutional investors include Vontobel Holding Ltd. (0.36%), Sumitomo Mitsui Trust Group Inc. (0.27%), Principal Financial Group Inc. (0.18%) and National Pension Service (0.18%). Insiders that own company stock include Cola Co Coca, James Quincey, John Murphy, Nancy Quan, Nikolaos Koumettis, Beatriz R Perez, Brian John Smith, Manuel Arroyo, Herbert A Allen III, Lisa Chang, Jennifer K Mann, Henrique Braun, Mark Randazza, Monica Howard Douglas, Carolyn Everson, Kathy Loveless, Bruno Pietracci and Alfredo Rivera.
View institutional ownership trends
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Coca-Cola investors own include Chevron (CVX), Salesforce (CRM), Bristol-Myers Squibb (BMY), Johnson & Johnson (JNJ), Comcast (CMCSA), AbbVie (ABBV) and Home Depot (HD).

Company Calendar

Ex-Dividend for 10/1 Dividend
9/13/2024
Dividend Payable
10/01/2024
Last Earnings
10/23/2024
Today
11/07/2024
Ex-Dividend for 12/16 Dividend
11/29/2024
Dividend Payable
12/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/11/2025

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
$71.80
High Stock Price Target
$80.00
Low Stock Price Target
$64.00
Potential Upside/Downside
+12.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.82
Research Coverage
17 Analysts

Profitability

Net Income
$10.71 billion
Pretax Margin
27.52%

Debt

Sales & Book Value

Annual Sales
$45.75 billion
Cash Flow
$2.90 per share
Book Value
$6.54 per share

Miscellaneous

Outstanding Shares
4,307,800,000
Free Float
4,266,011,000
Market Cap
$275.14 billion
Optionable
Optionable
Beta
0.61

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This page (NYSE:KO) was last updated on 11/7/2024 by MarketBeat.com Staff
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