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How to buy Coca-Cola stock KO in 2024

what is coca-cola trading at

Please don’t interpret the order in which products appear on our Site as any endorsement or recommendation from us. Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services. Please appreciate that there may be other options canadian forex brokers available to you than the products, providers or services covered by our service. And Coca-Cola’s dividend is a compelling reason to buy and hold shares. The company has increased its dividend annually for an impressive 61 consecutive years, and possesses a solid yield of 3% at the time of this writing.

what is coca-cola trading at

And divided over the current share count of 9.4M shares (a combination of common shares and Class B shares), this means the free cash flow came in at approximately $65/share. Which means that at the current share price of $829/share, the free cash flow yield is still a very respectable 7.8%. Coca-Cola announced a quarterly dividend on Thursday, February 15th.

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The Beverages – Soft drinks industry had an average PEG ratio of 2.38 as trading concluded yesterday. The dividend payment has increased for over 60 consecutive years, giving Coke one of the longest track records on the market. Cash flow is projected to drop in 2024, but that’s mainly because of one-time tax payment issues.

what is coca-cola trading at

We seek to positively impact people’s lives, communities and the planet through water replenishment, packaging recycling, sustainable sourcing practices and carbon emissions reductions across our value chain. Together with our bottling partners, we employ more than 700,000 people, helping bring economic opportunity to local communities worldwide. The bounce into April stretched all the way into the .786 Fibonacci selloff retracement level, which marks the highest high in the past four months. The stock has been consolidating at the 50-day EMA and .618 retracement level since that time, carving a potential bull flag continuation pattern.

About COKE Stock

Our business operates within a wider context, which we carefully and continuously consider by managing our impacts, aiming to create shared opportunity as we transform into a total beverage company. The first quarter decline broke channel support, while the bounce into June reversed at new resistance now situated in the upper $40s. That level has roughly aligned with the .50 selloff retracement level and the 200-day exponential moving average (EMA), generating a formidable barrier that is unlikely to break after this morning’s mixed metrics. Weak buying interest also lowers the odds for a breakout into the low $50s, with the on-balance volume (OBV) accumulation-distribution indicator slumping near first quarter lows. Coca-Cola finally completed a round trip into the 1998 high at $44.47 in 2014 and eased into a shallow rising channel that crisscrossed the prior high repeatedly into the third quarter of 2018. Committed bulls then took control, generating a channel breakout that posted an all-time high at $60.07 in February 2020.

In addition, the company’s multi-year path to refranchising its bottling operations is helping Coca-Cola’s financial health. This strategy enables the company to move away from this capital-intensive, low-margin business by selling the operations to local bottling partners. The investment community will be closely monitoring the performance of Coca-Cola in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.70, marking a 2.94% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $11.02 billion, reflecting a 0.34% rise from the equivalent quarter last year.

  1. The consensus among Wall Street research analysts is that investors should “moderate buy” KO shares.
  2. It’s not a great sign for future sales trends that shoppers are scaling back on their soda purchases.
  3. In Q3, Coca-Cola entered into an agreement to refranchise its Philippines bottler, paring down the company’s bottling operations to just India, Oman, Africa, and a handful of locations in Southeast Asia.
  4. The Coca-Cola Company’s current stock price divided by its per-share earnings (EPS) over a 12-month period gives a “trailing price/earnings ratio” of roughly 25x.

The $113M settlement covered the actuarial losses, which means there no longer is any unfunded liability related to the plan. As I am looking to cash up my portfolio, I wanted to check if I need to take any action on this position. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed.

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The stock then sold off with world markets, failing the multi-year breakout before settling at a four-year low in the mid-$30s in March. Finder.com is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.

The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. In the context of valuation, Coca-Cola is at present trading with a Forward P/E ratio of 21.6. Its industry sports fxcm review an average Forward P/E of 18.67, so one might conclude that Coca-Cola is trading at a premium comparatively. Over the past month, the Zacks Consensus EPS estimate has moved 0.3% higher. The world’s largest beverage maker’s shares have seen an increase of 1.64% over the last month, surpassing the Consumer Staples sector’s gain of 1.61% and falling behind the S&P 500’s gain of 3.8%.

The EBITDA is a measure of a The Coca-Cola Company’s overall financial performance and is widely used to measure a its profitability. If one region shows soft sales, as seen in China during Q3, strength in other regions can offset this shortfall, as was the case with Latin America, India, and Southeast Asia in the quarter. The Beverages – Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 40, this industry ranks in the top 16% of all industries, numbering over 250.

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This puts James Quincey in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. Click the link below and we’ll send you MarketBeat’s list of seven best retirement stocks and why they should be in your portfolio. A four-month-long stock rally may be tested by a pair of big events in the week ahead.

Our company’s focus on disciplined portfolio growth and value creation is the product of our people and their strong commitment to creating beverage brands that are loved and shared by people around the world. The Coca-Cola Company’s current stock price divided by its per-share earnings (EPS) over a 12-month period gives a “trailing price/earnings ratio” of roughly 25x. In other words, The Coca-Cola Company stocks aafx trading reviews trade at around 25x recent earnings. The Coca-Cola Company is a multinational beverage company based in Atlanta, Georgia. Today’s Coca Cola has a beverage line that also includes popular brands such as Sprite, Minute Maid, Zico Coconut Water, Honest Tea, Dasani and Powerade. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company’s anticipated earnings growth rate.

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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 manufactures, markets, and sells certain beverage concentrates, syrups, and finished beverages to authorized bottling partners.

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