Coca-Cola KO Insider Trading Activity 2024
797 employees have rated Coca-Cola Chief Executive Officer James Quincey on Glassdoor.com. James Quincey has an approval rating of 92% among tickmill forex broker review the company’s employees. This puts James Quincey in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
- The company’s Bottling Investments Group (BIG) reported roughly $1.95 billion in revenue, and the company’s Europe, Middle East, and Africa division reported $2.02 billion in revenue.
- Looking more specifically, Coca-Cola FEMSA belongs to the Beverages – Soft drinks industry, which includes 16 individual stocks and currently sits at #89 in the Zacks Industry Rank.
- 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.
- We believe we can grow our portfolio offerings while expanding margins through disciplined portfolio growth.
- This division is referred to as the company’s concentrate operations.
View year-end closing price of KO stock and annual dividends paid per share. Customize the view of stock chart with the ability to show key indicators such as Earnings, Dividends & Splits as well as filtering to view only Pre- and Post-Market prices. Coca-Cola is a dominating force in the United States with almost 46% of the country’s carbonated soft drink market. The bulk of the company’s revenue is derived from its two key businesses—the concentrate business and its finished product business. North America was the area that posted the highest revenue in the quarter, coming in at about $3.90 billion. The company’s Bottling Investments Group (BIG) reported roughly $1.95 billion in revenue, and the company’s Europe, Middle East, and Africa division reported $2.02 billion in revenue.
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As strong as the Coke brand is, the company still relies on drinks like Fresca and Dasani to support its high sales volume and maintain its position as the top global beverage company. Dynamic resource allocation is a key capability, and we’re leveraging the power of the networked organization to evolve our investment framework. As reported on its third-quarter 10-Q, Coca-Cola’s total stockholders’ equity equals $22.81 billion.
On average, this group has lost an average of 0.4% so far this year, meaning that KOF is performing better in terms of year-to-date returns. Coca-Cola (KO) beat estimates on both the top and bottom line for the third quarter, as consumers ramped up their purchases of soft drinks and other beverages despite the company’s price hikes. Taken together, the other brands account for the majority of total unit volume.
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The primary driver in revenue growth was an 11% increase in price/mix. Gross profits increased by 4% from the same period, going from $6.40 billion to $6.67 billion. On cash flow, we have made great progress in the past three years driven by the execution of a comprehensive program we have put in place since 2019.
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On average, they predict the company’s share price to reach $66.87 in the next year. This suggests a possible upside of 9.7% from the stock’s current price. View https://traderoom.info/ analysts price targets for KO or view top-rated stocks among Wall Street analysts. Coca-Cola FEMSA is one of 193 companies in the Consumer Staples group.
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The Consumer Staples group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The company doesn’t break down those categories’ sales by revenue, but by unit volume. Management explains in its filings that although total revenue isn’t directly based on unit volume, it’s an important indicator because it provides a clearer picture of consumer demand. In other words, total revenue is partially determined by pricing and partially by volume.
Coca-Cola Co. stock underperforms Tuesday when compared to competitors despite daily gains
It didn’t return until 1979, and by then many Chinese people had never tried it. In time, the drink caught on, and today China is Coca-Cola’s third-largest market, after the US and Mexico. Despite political circumstances, Coca-Cola has managed to sell its wares almost everywhere (the last addition was Myanmar, which began internal bottling of the product in 2013). The company’s advertising looks different in each of the over 200 nations where it operates – but the ads are still unmistakably for Coke. 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. On top of this we have some category-related headwind while we expect a tailwind from emerging markets.
As of Dec. 23, 2022, Coca-Cola had 4,325 billion shares outstanding, giving it a market cap of approximately $275.5 billion. Coca Cola has a multi-billion dollar market capitalization, which means they are more stable in comparison to smaller cap companies. The company is consistent with intelligent product innovation and experiments to improve consumer experience. To buy their shares, carefully select a broker, look out for a regulated brokerage firm and constantly monitor KO’s stock performance. Coca Cola is a leader in the non-alcoholic beverages industry, with a significant opportunity for growth in high value product categories like sparkling, energy, ready-to-drink tea, and juice. The company continuously focuses on brand building, resource allocation, and innovation.
This innovation includes intelligent experimentation that cuts through product, packaging, and processing. We will continue to pursue our “asset right” agenda, becoming the “world’s smallest bottler” to allow us and our bottling partners to focus on our core competencies. Lastly, our net debt leverage ratio is below our targeted range, including the impact of acquisitions in 2021. Consumers have continued to spend on soft drinks and other beverages despite Coca-Cola’s price hikes in recent quarters, which were meant to offset the effects of higher inflation. 11 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Coca-Cola in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock.
Simply put, capital structure is a measurement used to determine how much debt and/or equity a business employs to finance its operations. Let’s look at elements of Coca-Cola’s capital structure, including its equity capitalization, debt capitalization, leveraging capacity, and enterprise value. Unit case volume, a measure of the amount of soda and other beverages consumers purchased, rose 2% from the previous quarter, boosted by higher purchases in Latin America and Asia Pacific. Purchase volumes for Coke Zero, the zero-sugar version of Coca-Cola launched in 2005, rose 3% thanks to strong growth in North and Latin America. Coca Cola shares are a good buy especially due to the company’s constant innovation.