A 17-year-old dispute between the IRS and Coca-Cola was found in the government's favor after a tax court judge handed down a $6 billion ruling.
There's no doubt that Coca-Cola has one of the world's strongest brands. Consistent profits in any economy protect its impressive dividend streak.
Coca-Cola Co. said Friday it will pay $6 billion in back taxes and interest to the U.S. Internal Revenue Service while it appeals a final federal tax court decision in a case dating back 17 years.
Coca-Cola (KO) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Coke's international exposure allows it to adjust its distribution based on regional preferences. The beverage behemoth could post its highest-ever annual earnings in 2024.
Earnings season is the perfect time to evaluate the performance of blue-chip stocks and add or trim holdings. According to FactSet, with 41% of S&P 500 companies reporting as of July 26, 60% of companies reporting have had a positive revenue surprise.
Coca-Cola, Lockheed Martin, and Waste Management benefit from a consistently reliable customer base. Union Pacific and UPS operate in cyclical industries but have few competitors.
McDonald's, Pepsi, and Coca-Cola all recognize that consumers are looking for value prices. The trio believes that this hunt for better deals isn't limited to any particular income demographic, but rather that all consumers would like better bargains.
Coca-Cola (KO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Valuation remains an important consideration for me as a dividend growth investor. Coca-Cola's net revenue and non-GAAP EPS grew in Q2. The company still enjoys an A+ credit rating from S&P.
On Tuesday, Coca-Cola Company KO reported second-quarter FY24 sales growth of 3% year-on-year to $12.4 billion, beating the analyst consensus estimate of $11.753 billion.