18-Sep-2024
Coca-Cola makes a new alcohol move with a test run of Bacardi rum and coke drinks
Seeking Alpha News (Tue, 17-Sep 4:07 PM ET)
Business Wire (Tue, 17-Sep 11:00 AM ET)
BTIG waves the caution flag around the consumer staples sector
Seeking Alpha News (Tue, 17-Sep 10:08 AM ET)
Short bets for consumer staples rise in August across industries
Seeking Alpha News (Mon, 16-Sep 11:11 AM ET)
Wells Fargo Sticks to Their Buy Rating for Coca-Cola (KO)
TipRanks (Mon, 16-Sep 6:35 AM ET)
Bullish On KO? You Might Want To Consider This Credit Put Spread Expiring in 11 Days
Market Chameleon (Fri, 6-Sep 9:07 AM ET)
Globe Newswire (Thu, 5-Sep 9:00 AM ET)
7-Eleven Unveils Bold New Slurpee Drink Experience with Coca-Cola and OREO
PRNewswire (Tue, 3-Sep 7:11 AM ET)
The Coca-Cola Company Announces Participation in Barclays Global Consumer Staples Conference
Business Wire (Wed, 14-Aug 10:00 AM ET)
PRNewswire (Tue, 13-Aug 8:01 AM ET)
Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.
Coca-Cola Company trades on the NYSE stock market under the symbol KO.
As of September 18, 2024, KO stock price declined to $71.75 with 9,145,538 million shares trading.
KO has a beta of 0.06, meaning it tends to be less sensitive to market movements. KO has a correlation of 0.00 to the broad based SPY ETF.
KO has a market cap of $309.10 billion. This is considered a Mega Cap stock.
Last quarter Coca-Cola Company reported $12 billion in Revenue and $.84 earnings per share. This beat revenue expectation by $603 million and exceeded earnings estimates by $.03.
In the last 3 years, KO stock traded as high as $73.53 and as low as $51.55.
The top ETF exchange traded funds that KO belongs to (by Net Assets): VTI, VOO, SPY, IVV, SCHD.
KO has underperformed the market in the last year with a price return of +27.1% while the SPY ETF gained +27.8%. However, in the short term, KO had mixed performance relative to the market. It has outperformed in the last 3 months, returning +15.4% vs +2.9% return in SPY. But in the last 2 weeks, KO shares have been beat by the market, returning -1.1% compared to an SPY return of +1.7%.
KO support price is $71.17 and resistance is $72.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KO stock will trade within this expected range on the day.