Executives also lifted their earnings forecast to call for a boost of as much as 14%. Coke doesn’t need to ship the water that accounts for over 80% of a beverage’s bulk, for example. It doesn’t have to worry about securing that water, infusing it with carbon dioxide, or shipping the finished drinks in a way that preserves that carbonation in plastic bottles or aluminum cans.
- The chart below illustrates the recent performance of Coca-Cola compared to XLP and nine of the top sectors of the S&P 500.
- The Keltner Channel indicator displays a set of semi-parallel lines based on a 20-day simple moving average and an upper and lower line.
- It has also provided investors with dividends for many years, signifying its ability to manage its finances well.
- The company delivers robust sales in pretty much any economy, sending tons of cash back to investors through a generous dividend policy.
In the case of Coke, the consensus sales estimate of $10.61 billion for the current quarter points to a year-over-year change of +4.8%. The $45.46 billion and $46.93 billion estimates for the current and next fiscal years indicate changes of +5.7% and +3.3%, respectively. For the next fiscal year, the consensus earnings estimate of $2.80 indicates a change of +4.6% from what Coke is expected to report a year ago.
Frequently asked questions about the Coca Cola ticker symbol, answered
Coke counted $43 billion of revenue in the most recent full fiscal year, up from $39 billion in the prior year. You can see that it’s a truly global business from the breakdown of those sales, too. Coke generated $28 billion, or 65% of revenue, from outside of the United States. You might be surprised to learn that Coke doesn’t make most of its money from the sales of those sparkling beverages.
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Enterprise value (EV) is a measurement often employed by investment bankers to determine a company’s price if it were to be put on the market. EV is calculated by finding the sum of a business’s market cap and its net debt. Net debt is found by subtracting the cumulative value of a corporation’s liabilities and debt from its total cash and cash equivalents.
Lastly, our net debt leverage ratio is below our targeted range, including the impact of acquisitions in 2021. For Feb. 11, the next weekly option expiration date, the single option with the highest open interest is the $62 call, with 8,000. This is an at-the-money option, as the Coca-Cola share price recently rose to this level ahead of earnings. The average true range (ATR) has become a standard tool for depicting historical volatility over time. The typical average length of time used in its calculation is 10 to 20 time periods, which includes two to four weeks of trading on a daily chart.
The chart below compares the recent performance of Coca-Cola stock with the top holdings of State Street’s Consumer Staples Sector ETF (XLP). Ensure you pick a licensed and regulated broker charging minimal fees, along with providing a seamless investing experience. For instance, a good broker should allow easy funds deposit and withdrawal. Coca Cola is one of the leading companies producing carbonated soft drinks. They leverage a unique franchise distribution system that provides them with rapid expansion.
Other statistics on the topicNon-alcoholic beverages and soft drinks in the United States
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.18% per year. These returns cover a period from January 1, 1988 through January 1, 2024.
The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024. These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis best tobacco stocks and valuation), then ranking the company’s weighted average against that of other companies. Coca-Cola (KO Quick QuoteKO – Free Report) closed the latest trading day at $59.73, indicating a +0.61% change from the previous session’s end. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
XLP has shed 1% year to date, while State Street’s S&P 500 Index ETF (SPY) has fallen 5.6% in the same time frame. The chart below illustrates the recent performance of Coca-Cola compared to XLP and nine of the top sectors of the S&P 500. Consider that the open interest for Coca-Cola features a relatively low number of call options compared to its 52-week average.
Other statistics that may interest you Non-alcoholic beverages in the United States
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. Coca-Cola once held bottling operations around the world, including in the U.S. View scheduled upcoming and historical dividends by Ex-Dividend Date, Amount, Frequency, Payment Date, Record Date and Announcement Date. 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.
On average, they anticipate the company’s share price to reach $66.87 in the next twelve months. View analysts price targets for KO or view top-rated stocks among Wall Street analysts. The Coca-Cola share price has trended upwards since going ex-dividend at the beginning of December. Coca-Cola shares recently reached a new 52-week high in the days before earnings, as the company has benefited from inflation-based sector rotation. Option traders appear to be buying large amounts of call options ahead of earnings, implying a bullish sentiment. If these bets were to unwind, it could place unexpected downward pressure on the Coca-Cola share price.
To see all exchange delays and terms of use please see Barchart’s disclaimer. Stockholders of record on Friday, December 1st will be given a dividend of $0.46 per share on Friday, December 15th. This represents a $1.84 https://bigbostrade.com/ annualized dividend and a dividend yield of 3.09%. Since then, KO shares have increased by 1.0% and is now trading at $59.49. Founded in 1886, the company today is vastly different from its creator’s original intent.
Investors will be keeping an eye on if the beverage maker can continue to increase sales volume and what, if any, impact may be had on the company’s dividend. Coca Cola shares are a good buy especially due to the company’s constant innovation. The stock also has a significant market capitalization that ensures its stability in the market. Usually, the price change falls on the vertical axis, while the period or time change falls on the horizontal axis.
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