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The Coca-Cola Company owns the leading brand names in several different beverage categories. The business model is structured in such a way that offloads the bulk of any cost-related risks to its partners.
KO remains a Buy for investors looking for both growth and dividend incomes, with the long-term investment thesis remaining robust despite the near-term payout headwinds. The projected payout ratio of 91.3% (+9.7 points YoY) appears to be elevated indeed, attributed to the impacted FY2024 FCF and recently raised dividends. However, we believe that it alludes to the management's conviction in delivering profitable growth and consistent shareholder returns ahead, sustaining its Dividend Aristocrat status.
Coca-Cola stock's buying momentum has stalled despite its fundamentally strong business model. The company reported net revenue growth of 6.4% for FY23, highlighting the robustness of its wide-moat business model. Coca-Cola projects adjusted EPS growth of 4-5% in 2024, reflecting potential weaker pricing levers.
Coca-Cola has a dividend yield that's more than double that of the S&P 500. Moody's has a large market share of the credit ratings segment.
In the latest trading session, Coca-Cola (KO) closed at $60.13, marking a +0.42% move from the previous day.
Zacks.com users have recently been watching Coke (KO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Coca-Cola's recent dividend increase of 5.4% may attract new investments and breathe life into the stock. The company's strong margins, profitability, and larger dividend yield make it a more bullish investment compared to PepsiCo. As the global population grows and living standards increase in developing countries, Coca-Cola has the opportunity to expand its revenue stream and increase market share.
Most investors focus on the volume profile of the stocks they analyze, forgetting that there is another primary market that can act as a leading indicator. Options often give you a glimpse of the direction the market expects a stock to take.
Coca-Cola's nonalcoholic, ready-to-drink beverages are well-known and consumed by people all over the world. As a mature company, there is limited opportunity for Coke to post sizable growth in the future.
Coca-Cola's most recent dividend boost came in ahead of my prediction of 4.3%. The company's net revenue and comparable EPS jumped in Q4. Coca-Cola enjoys an A+ credit rating from S&P on a stable outlook.