Stock of the week: “Coca-Cola Co”
25th of April 2023
Coca-Cola Co is an American multinational company that manufactures and markets soft drinks. Founded in 1886 in Atlanta, Georgia, by pharmacist John Pemberton, it is now one of the best-known brands in the world.
This year, Coca-Cola confirms its objectives and presents a growth slightly higher than expected. Indeed, Coca-Cola reported a 5% increase in first-quarter 2023 revenue to $11 billion, slightly beating market expectations. Earnings per share also rose 5% to $0.68, ahead of analysts' expectations. Price increases and higher sales volumes contributed to the results, particularly in markets such as Mexico, Western Europe, Australia, China, India and Brazil. Overall, Coca-Cola confirmed its guidance for 2023, targeting organic growth of 7% to 8% and earnings per share growth of 4% to 5% excluding special items.
Financial social media sentiment is “positive” in both absolute and relative terms, on its own and when compared to the social media sentiment of the sector and stock index.
Analyst consensus is to "buy" the stock - out of the 26 bank analysts covering the company, 19 recommend buying the stock and 7 suggest holding it. The median upside potential of the stock price these analysts expect over the next 6-12 months is currently 7.61% (reference close of business 24/04/2023).
Attention buzz is currently “high”.
Sources:
https://umushroom.com/en/equity/coca-cola-co-rg
