Another consideration in deciding whether to buy, hold, or sell Coca-Cola shares is the assessment of Wall Street analysts. Among this group, the average price target for Coca-Cola stock is currently $65.49, and the consensus is an overweight stock rating. Coca-Cola’s strategies have helped its financial performance, and one key financial area important to investors is the company’s free cash flow (FCF). FCF provides insight into the cash available to invest in the business, pay debt obligations, and repurchase shares or fund dividends.

  1. Ensure you pick a licensed and regulated broker charging minimal fees, along with providing a seamless investing experience.
  2. Heading into today, shares of the world’s largest beverage maker had gained 0.75% over the past month, lagging the Consumer Staples sector’s gain of 4.52% and the S&P 500’s gain of 2.5% in that time.
  3. Founded in 1886, Coca-Cola has stayed at the top of its industry through multinational brand recognition and savvy control of its finances, including its capital structure.
  4. Long-term debt, deferred income taxes, and other long-term liabilities cumulatively amount to $46.69 billion.

By 1889 the company was operating under a franchised distribution system that is still in effect today. Coke is enjoying strong operating momentum heading into 2024, with organic sales on track to rise by between 10% and 11%. Management hiked that outlook in late October after sales volumes increased by a healthy 2%.

Wall Street’s Greatest Dividend Stock Just Made History Again, and 99% of Investors Probably Don’t Realize It Exists

For example, in its third quarter, the company experienced 8% year-over-year revenue growth to $12 billion. Net income also rose in the quarter to $3.1 billion from https://bigbostrade.com/ the prior year’s $2.8 billion. Filter stock price historical data by date with the ability to view Opens, Highs, Lows, Closes, VWAPs, Volume % Change, and Change.

On top of this we have some category-related headwind while we expect a tailwind from emerging markets. Recent option trading volumes for Coca-Cola favor calls over puts at a nearly 3-to-1 ratio. In addition, the open interest features 378,000 calls compared to 298,000 puts.

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However, even this low amount of calls outnumbers the number of puts in the open interest. There are a large number of multi-legged option strategies that lend themselves to Coca-Cola stock providing outsized gains after earnings than current option pricing is predicting. Let’s dive into the world’s largest beverage company to see whether Coca-Cola is a buy, sell, or hold today. Its quick ratio, which measures the dollar amount of liquid assets available against the dollar amount of current liabilities of a company, stands at .97. 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. Coca-Cola expects full-year 2023 results to deliver at least 10% year-over-year organic revenue growth.

This innovation includes intelligent experimentation that cuts through product, packaging, and processing. This could be your next buy if you want rock-solid security and an attractive dividend yield. Coca-Cola won’t be a hot growth stock that sets the market on fire, but it doesn’t have to be. It’s a steady, center of gravity indicator reliable player that offers a refreshing blend of stability and income. While it may face near-term pressures, Coca-Cola’s long-term prospects taste as sweet as ever. Simply put, capital structure is a measurement used to determine how much debt and/or equity a business employs to finance its operations.

The company is expected to report EPS of $0.48, up 6.67% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $10.61 billion, showing a 4.78% escalation compared to the year-ago quarter. The top performing sectors—energy (XLE), consumer staples, and financials (XLF)—are considered relatively “safer” bets during times of rising inflation and interest rates. Coca-Cola has been operating for over 100 years and has seen its share of economic turmoil. The company continues to use debt wisely, has a large amount of cash and equivalents available, and continues to perform during troubling times. It has also provided investors with dividends for many years, signifying its ability to manage its finances well.

That’s an increase from last February’s original guidance of a minimum 7% growth. Coca-Cola Company manufacturesand sells nonalcoholic beverages under well-known brand names in the U.S. and internationally. View stock split history, including the cumulative number of shares that would be held if one share of stock was purchased when the stock began trading in 1919. View year-end closing price of KO stock and annual dividends paid per share. 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.

We continue to use the levers at our disposal from revenue growth management to some of the productivity measures listed here to manage cost pressures to the best of our ability. The consumer staples sector focuses on essential products used by consumers. This category includes things like foods and beverages, household goods, and hygiene products as well as alcohol and tobacco. These goods are those products that people are unable—or unwilling—to cut out of their budgets regardless of their financial situation. Investors will be paying keen attention to how Coca-Cola has managed to navigate ongoing supply chain issues and how rising costs could affect the bottom line. Insiders have recently increased the amount of shares being sold, unloading over 314,000 shares valued at close to $18.6 million over the past 90 days.

ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities. Our capital allocation strategy supports both our growth ambitions and returning cash to shareowners. Our confidence stems from the fact that we operate in an industry that will enjoy growth for a long time to come driven by macro, social, economic and behavioral factors.

All together, these qualities make the company a solid investment choice for patient investors. If someone tells you everything is perfect, they’re probably trying to sell you something that doesn’t work. Like every other business on the planet, Coca-Cola also faces significant challenges today. The Coca-Cola position Buffett has left unchanged since 1994 generated $704 million in dividend payouts last year. That’s an effective yield of 54%, proving the power of playing the long game with Dividend Kings.

Even so, shares are still off a 52-week high of $64.99 reached last April. 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 daily volume of 15,520,000 shares, the short-interest ratio is presently 1.6 days. Coke reported revenues of $11.95 billion in the last reported quarter, representing a year-over-year change of +8%. 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.

One such factor is a company’s ticker symbol – a unique set of characters representing a particular stock on an exchange. In this blog post, we will dive into the significance of the Coca Cola ticker symbol and explore why understanding it can be crucial for any savvy investor. Coca-Cola shares currently trade in an above average range based on historical volatility, and option traders appear to be positioned for the stock to rise after the company reports earnings for the fiscal fourth quarter.

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