Shares of Coca-Cola have rallied in the first half of 2024. Solid growth and an expanding operating margin are driving profitability.
Coca-Cola is a global enterprise with strong brand equity and growing sales volumes, despite this, the stock has underperformed the market. The appreciation of the US dollar has negatively impacted Coca-Cola's reported earnings, reducing its value by 31% since 2018. A potential weakening of the dollar could significantly boost Coca-Cola's reported earnings and share price, providing upside potential for investors.
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.
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