The Coca-Cola Company (NYSE:KO ) dbAccess Global Consumer Conference June 6, 2024 5:00 AM ET Company Participants John Murphy - President and CFO Conference Call Participants Steve Powers - Deutsche Bank Steve Powers All right. Good morning, everybody.
Coca-Cola (KO) closed at $63.92 in the latest trading session, marking a -0.03% move from the prior day.
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The Coca-Cola Company is a fundamentally strong business with solid pricing levers to mitigate inflation challenges. The company has observed a shift in consumer behavior due to worsening purchasing power, but overall demand remains robust. Coca-Cola's pricing growth is expected to normalize as it refocuses on driving volume growth.
Coca-Cola has raised dividends annually for more than six decades. Moody's boasts two strong businesses: credit ratings and risk analysis.
The latest trading day saw Coca-Cola (KO) settling at $61.97, representing a +0.44% change from its previous close.
Coca-Cola's phenomenal brand portfolio supports one of the longest dividend growth streaks in the world. The company flexed its brand power with price hikes, which helped it to top the analyst consensus for net revenue and comparable EPS. The consumer staple's balance sheet remains sound.
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.
Dividend payments offer many benefits to investors. In fact, 75% of the returns in the S&P 500 between 1980 and 2019 came from dividends, according to market data.
There is no joy like receiving passive income each quarter. I am someone who loves to receive dividend income and see my money grow without having to do anything.
Given its better prospects, we believe Coca-Cola stock (NYSE: KO) is a better pick than its sector peer Costco stock (NASDAQ NASDAQ : COST). Although both companies are from the Consumer Defensive sector, KO stock trades at a higher valuation multiple of 5.9x revenues, versus 1.4x for Costco.
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