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NYSE:KO

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

$58.93
+0.18 (+0.31%)
(As of 12/29/2023 ET)
Today's Range
$58.63
$58.98
50-Day Range
$54.08
$59.96
52-Week Range
$51.55
$64.99
Volume
9.24 million shs
Average Volume
15.21 million shs
Market Capitalization
$254.78 billion
P/E Ratio
23.67
Dividend Yield
3.12%
Price Target
$66.20

Coca-Cola MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
12.3% Upside
$66.20 Price Target
Short Interest
Healthy
0.57% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.36
Upright™ Environmental Score
News Sentiment
1.06mentions of Coca-Cola in the last 14 days
Based on 18 Articles This Week
Insider Trading
Selling Shares
$19.81 M Sold Last Quarter
Proj. Earnings Growth
4.48%
From $2.68 to $2.80 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.82 out of 5 stars

Consumer Staples Sector

26th out of 135 stocks

Beverages Industry

5th 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

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KO Jan 2024 52.000 call
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Coca-Cola: Not The Time To Buy Yet
Coca-Cola Company: What to expect in 2024
See More Headlines
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Company Calendar

Ex-Dividend for 10/2 Dividend
9/14/2023
Dividend Payable
10/02/2023
Last Earnings
10/24/2023
Ex-Dividend for 12/15 Dividend
11/30/2023
Dividend Payable
12/15/2023
Today
12/31/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/13/2024

Industry, Sector and Symbol

Industry
Beverages
Sub-Industry
Soft Drinks
CUSIP
19121610
Employees
82,500
Year Founded
1892

Price Target and Rating

Average Stock Price Target
$66.20
High Stock Price Target
$74.00
Low Stock Price Target
$59.00
Potential Upside/Downside
+12.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$9.54 billion
Pretax Margin
28.80%

Debt

Sales & Book Value

Annual Sales
$43.00 billion
Cash Flow
$2.79 per share
Book Value
$5.97 per share

Miscellaneous

Outstanding Shares
4,323,410,000
Free Float
4,280,180,000
Market Cap
$254.78 billion
Optionable
Optionable
Beta
0.58

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KO Stock Analysis - Frequently Asked Questions

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

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Coca-Cola in the last year. There are currently 3 hold ratings and 8 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?

11 equities research analysts have issued 1-year price targets for Coca-Cola's shares. Their KO share price targets range from $59.00 to $74.00. On average, they predict the company's stock price to reach $66.20 in the next year. This suggests a possible upside of 12.3% 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 2023?

Coca-Cola's stock was trading at $63.61 on January 1st, 2023. Since then, KO stock has decreased by 7.4% and is now trading at $58.93.
View the best growth stocks for 2023 here
.

Are investors shorting Coca-Cola?

Coca-Cola saw a increase in short interest in the month of December. As of December 15th, there was short interest totaling 24,540,000 shares, an increase of 12.1% from the November 30th total of 21,890,000 shares. Based on an average trading volume of 15,520,000 shares, the short-interest ratio is currently 1.6 days. Approximately 0.6% of the shares of the company are sold short.
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 Tuesday, February 13th 2024.
View our KO earnings forecast
.

How were Coca-Cola's earnings last quarter?

The Coca-Cola Company (NYSE:KO) announced its quarterly earnings results on Tuesday, October, 24th. The company reported $0.74 EPS for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm earned $11.95 billion during the quarter, compared to the consensus estimate of $11.45 billion. Coca-Cola had a net margin of 23.92% and a trailing twelve-month return on equity of 42.44%.

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

Coca-Cola announced a quarterly dividend on Thursday, October 19th. Investors of record on Friday, December 1st will be paid a dividend of $0.46 per share on Friday, December 15th. This represents a $1.84 annualized dividend and a yield of 3.12%. The ex-dividend date of this dividend is Thursday, November 30th.
Read our dividend analysis for KO
.

Is Coca-Cola a good dividend stock?

Coca-Cola (NYSE:KO) pays an annual dividend of $1.84 per share and currently has a dividend yield of 3.13%. The company has been increasing its dividend for 61 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.90%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KO will have a dividend payout ratio of 65.71% 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 FY23 earnings guidance on Tuesday, October, 24th. The company provided earnings per share (EPS) guidance of $2.65-2.68 for the period, compared to the consensus EPS estimate of $2.64.

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).

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.
Read More
This page (NYSE:KO) was last updated on 12/31/2023 by MarketBeat.com Staff

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