Is Coke a good stock to buy 2023? (2024)

Is co*ke a good stock to buy 2023?

Coca-Cola (NYSE: KO) stock underperformed the market again last year, declining 7% in 2023 compared to a 24% rally in the S&P 500. That decline was enough to make the beverage giant among the weakest performers in the Dow Jones Industrial Average, which rose 14% on the year.

Is Coca-Cola a good stock to buy 2024?

For 2024, the company expects adjusted EPS growth of 4% to 5%, compared with 8% growth in 2023. The current FactSet EPS consensus of $2.81 implies 4.5% growth. CFRA analyst Garrett Nelson followed by cutting his rating on the stock to buy from strong buy, and trimming his price target to $66 from $68.

Is it good to invest in Coca-Cola stock?

Key Points. Coca-Cola experienced revenue growth in 2023 with Q3 sales rising 8% year over year. The company made strategic shifts to boost performance, such as cutting the number of brands. Its financials are looking good, including a $636 million year-over-year increase in free cash flow.

What is the forecast for Coca-Cola in 2023?

After third-quarter results beat expectations, Coca-Cola lifted its 2023 full-year revenue forecast to 10% to 11%, higher than a prior range of 8% to 9%. It expects to deliver earnings-per-share growth of 7% to 8%, up from the previous guidance of 5% to 6%.

Which stocks boom in 2023?

Top-Performing Stocks of 2023
  • Coinbase.
  • Nvidia.
  • DraftKings DKNG.
  • Meta Platforms META.
  • Palantir Technologies PLTR.
Jan 2, 2024

What if I invested $1,000 in Coca-Cola 10 years ago?

If you invested in the company 10 years ago, that decision could have paid off. According to CNBC calculations, a $1,000 investment in Coca-Cola in 2009 would be worth more than $2,800 as of Feb. 15, 2019.

Is co*ke a buy sell or hold?

Is Coca-Cola stock a Buy, Sell or Hold? Coca-Cola stock has received a consensus rating of buy. The average rating score is A1 and is based on 35 buy ratings, 9 hold ratings, and 0 sell ratings.

What are the cons of investing in Coca-Cola?

Con: It's Expensive

While KO stock does have the size and brand recognition to command respect, the firm's most recent performance and expectations for the future don't justify its current price tag. KO's price-earnings ratio is a staggering 42.4. That's nearly double PepsiCo's 23.5 P/E ratio.

Is co*ke the best dividend stock?

As far as dividends go, there aren't many more dependable payouts than Coca-Cola's (NYSE: KO). The beverage giant has been boosting its dividend for 61 consecutive years, allowing it to easily surpass the requirement for membership in the exclusive club of Dividend Kings.

Who owns the biggest share of Coca-Cola?

Largest shareholders include Berkshire Hathaway Inc, Vanguard Group Inc, BlackRock Inc., State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, VFINX - Vanguard 500 Index Fund Investor Shares, Jpmorgan Chase & Co, Geode Capital Management, Llc, Morgan Stanley, and Fmr Llc .

Why is co*ke so expensive 2023?

The broad story here is fairly straightforward. As inflation began to take off in 2021 and 2022, that impacted beverage makers like Coca-Cola and Pepsi, which pointed to higher costs coming from a variety of angles, including aluminum cans, packaging, labor, and general supply chain woes.

What is the 12-month forecast for Coca-Cola stock?

Based on analyst ratings, Coca-Cola's 12-month average price target is $65.38. What is KO's upside potential, based on the analysts' average price target? Coca-Cola has 10.41% upside potential, based on the analysts' average price target.

What is the future prediction for Coca-Cola?

Future Growth

Coca-Cola is forecast to grow earnings and revenue by 6.6% and 3.8% per annum respectively. EPS is expected to grow by 6.8% per annum. Return on equity is forecast to be 66.4% in 3 years.

Where to put $1,000 right now?

Here are eight of the best ways to invest $1,000 to help grow your money over time.
  • Pay down high-interest debt. ...
  • Build an emergency fund. ...
  • Stash your money in a high-yield savings account. ...
  • Put your cash in a certificate of deposit (CD) ...
  • Contribute to an individual retirement account (IRA) ...
  • Get your 401(k) employer match.
Jan 31, 2024

Which stock will double in 2023?

Top multibagger stocks in 2023
CompanyYTD returns (%)
Aurionpro Solutions478 478 478
Titagarh Railsystems376 376 376
Jindal Saw321 321 321
Inox Wind278 278 278
6 more rows
Dec 18, 2023

What stock to buy with $1,000?

8 Best Stocks to Buy Now With $1,000
StockImplied upside from Jan. 5 close
Microsoft Corp. (MSFT)14.2%
Alphabet Inc. (GOOG, GOOGL)15.7%
Amazon.com Inc. (AMZN)23.9%
Nvidia Corp. (NVDA)22.2%
4 more rows
Jan 8, 2024

Is co*ke over or undervalued?

What is the Intrinsic Value of one KO stock? The intrinsic value of one KO stock under the Base Case scenario is 49.87 USD. Compared to the current market price of 59.29 USD, Coca-Cola Co is Overvalued by 16%.

How often does co*ke pay dividends?

The Company normally pays dividends four times a year, usually April 1, July 1, October 1 and December 15. Shareowners of record can elect to receive their dividend payments electronically or by check in the currency of their choice.

What stock pays the highest dividend?

20 high-dividend stocks
CompanyDividend Yield
Big 5 Sporting Goods Corp (BGFV)16.54%
Arbor Realty Trust Inc. (ABR)13.61%
Chicago Atlantic Real Estate Finance Inc (REFI)13.22%
Dynex Capital, Inc. (DX)12.98%
17 more rows

Will co*ke stock ever split again?

Will Coca-Cola stock split? Coca-Cola didn't have an upcoming stock split on the docket as of mid-2023. However, the company has completed several stock splits throughout its history.

Is Coca-Cola stock expected to rise?

For 2024, Coca-Cola, the Dow Jones beverage giant, guided revenue growth of 6%-7% and earnings growth of 4%-5%. It expects a 4% currency headwind in the current quarter. Ahead of Coca-Cola's Q4 results, analysts were expecting 2024 revenue growth of 2.6% and earnings growth of 4.3%, FactSet shows.

Will share a co*ke come back?

Back by popular demand, Coca‑Cola® is reintroducing its wildly successful “Share a co*ke” program under a new name – “Share an ICE COLD co*ke” – as a reminder that nothing beats the summer heat quite like an ice-cold, delicious Coca‑Cola.

Should you invest in co*ke or Pepsi?

Both companies have admirable dividends

Regarding dividends, Coca-Cola leads PepsiCo slightly. At their current share prices, Coca-Cola has a 3.2% yield compared to PepsiCo's 2.8%. Coca-Cola has increased its dividend annually for 61 straight years while PepsiCo has a 50-year streak, so both are Dividend Kings.

Is Coca-Cola doing well financially?

Coca-Cola's financials for the third quarter of 2023 reflect a company in robust health. The company's net revenues increased by 8% to $12 billion, a significant achievement in a fluctuating global market. The 11% growth in organic revenues is particularly noteworthy, indicating a strong core business performance.

Why are Coca-Cola stocks low?

Coca-Cola and PepsiCo 's rivalry spans decades, but co*ke usually comes out on top. This quarter was no different. The beverage leaders' stocks have struggled this year, hurt by higher interest rates and investor concerns about the possible negative impact of weight loss drugs like Wegovy.

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