Coca-Cola (KO) Analysis from Sep-Nov 2024
Overview and History
Coca-Cola started in 1886 in Atlanta, GA. Coca-Cola (KO) joined the NYSE in 1919 for $40/share, and currently has a market cap of 269.45 billion. This makes Coca-Cola one of the largest beverage companies in the world.
Current Performance
On Sep 3, 2024, KO closed at $72.44/share. On Nov 1, 2024, KO closed at $64.01/share. This is an overall return of -11.6%.
News and Current Events
KO continues to impress investors with its dividend returns. “Coca-Cola has paid a dividend that has actually increased in a jaw-dropping 62 straight years” (Patel, 2024). Coca-Cola is widely known for its high dividend returns. It’s rare to find companies with such high and consistent returns.
Outlook, Prediction and My Recommendation
After looking into the history of Coca-Cola, analysts opinions, and future predictions, I would suggest to hold investments in KO. I would not suggest purchasing any more KO, but do not sell. KO is expected to come out with more dividend return statements I expect it to remain consistent.
Although Coca-Cola is currently on a down trendline, the dividend returns from Coca-Cola have historically increased and recent data shows that “Coca-Cola’s adjusted operating margin was a stellar 30.7% in Q3, indicating a lucrative business model” (Patel, 2024).
Sources
KO Financial Data from Yahoo! Finance
Patel, N. (2024, November 12). Where will coca-cola stock be in 5 years?. Nasdaq. https://www.nasdaq.com/articles/where-will-coca-cola-stock-be-5-years-0
Featured Image is AI Generated
