Coca-Cola Co. Stock Outperforms Despite Market Losses, Closes at $60.52
June 30, 2023
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COCA-COLA ($NYSE:KO): Despite a day of losses in the stock market, with the S&P 500 dropping 0.93%, shares of Coca-Cola Co. still outperformed its competitors, ending at $60.52. This impressive finish is indicative of Coca-Cola’s status as an industry leader. Coca-Cola Co. is one of the world’s most recognizable and iconic beverage companies, with a presence in nearly every corner of the globe. It is also a major player in the non-alcoholic ready-to-drink beverage industry, and is continuing to expand with new products like its latest soda offering, Coca-Cola Energy.
The company has embraced digital marketing, using technology to reach customers more effectively, while also investing in e-commerce opportunities. With a strong presence in both developed and emerging markets, Coca-Cola Co. is well-positioned to continue its impressive performance even amidst market losses.
Market Price
On Thursday, Coca-Cola Co. stock opened at 60.2 dollars and closed at 60.0, down by 0.8% from last closing price of 60.5. Despite a volatile and bearish market, Coca-Cola Co. stock managed to outperform the market losses. The closing price of the company stock was marked at 60.52 dollars, which is higher than the opening price of the day.
This positive performance by the Coca-Cola Co. stock was a sign of strength in the face of the broader market downturn. Despite the market losses, investors seemed to remain optimistic about the long-term prospects of the Coca-Cola Co. stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Coca-cola Company. More…
| Total Revenues | Net Income | Net Margin |
| 43.49k | 9.87k | 24.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Coca-cola Company. More…
| Operations | Investing | Financing |
| 10.55k | -792 | -5.21k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Coca-cola Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 97.4k | 70.54k | 5.57 |
Key Ratios Snapshot
Some of the financial key ratios for Coca-cola Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.4% | 5.5% | 30.7% |
| FCF Margin | ROE | ROA |
| 20.7% | 33.8% | 8.6% |
Analysis
GoodWhale has performed an analysis of COCA-COLA COMPANY‘s financials and found that the company has a high health score of 9/10, as rated by Star Chart. This reflects the company’s strong cashflows and low debt, meaning it is capable of sustaining its operations even in times of crisis. Additionally, we have classified COCA-COLA COMPANY as a ‘rhino’, a type of company that has achieved moderate revenue or earnings growth. We can see that COCA-COLA COMPANY is strong in dividend and profitability, and medium in assets, but weak in growth. Given COCA-COLA COMPANY’s financials and our findings, we believe that the company would be attractive to investors looking for a reliable dividend and healthy profitability. Investors with a longer-term outlook may also be drawn to the company as it is well-positioned for more moderate earnings growth. More…
Peers
The Coca-Cola Company has been in competition with PepsiCo, Inc. since the late 1800s. The two companies have been fighting for market share ever since. More recently, Keurig Dr Pepper Inc. and Monster Beverage Corp have become major competitors in the beverage industry.
– PepsiCo Inc ($NASDAQ:PEP)
PepsiCo is a food and beverage company with a market cap of $238.84 billion as of 2022. The company has a return on equity of 45.25%. PepsiCo operates in more than 200 countries and employs more than 300,000 people. The company’s products include Pepsi-Cola, Lay’s potato chips, Tropicana orange juice, and Quaker oats. PepsiCo was founded in 1898 and is headquartered in Purchase, New York.
– Keurig Dr Pepper Inc ($NASDAQ:KDP)
Keurig Dr Pepper Inc is a publicly traded company with a market capitalization of $53.5 billion as of May 2022. The company has a return on equity of 10.39%. Keurig Dr Pepper Inc is a leading beverage company that manufactures and markets coffee, tea, and other beverage products. The company operates in North America, Europe, and Asia Pacific. Keurig Dr Pepper Inc is headquartered in Burlington, Massachusetts.
– Monster Beverage Corp ($NASDAQ:MNST)
As of 2022, Monster Beverage Corporation had a market cap of $46.49 billion and a return on equity of 18.04%. The company produces and sells energy drinks, soda, and juice products under the Monster, NOS, and Full Throttle brands. It also has a minority stake in Reign Beverage Company. The company was founded in 1987 and is headquartered in Corona, California.
Summary
Coca-Cola Company (KO) recently posted a 0.93% loss in share price, closing at $60.52 on Wednesday. Despite the overall decline of the stock market, Coca-Cola outperformed many of its competitors. This could be attributed to its strong fundamentals, as well as ongoing positive investor sentiment. Analysts remain cautiously optimistic about Coca-Cola’s prospects, as the company continues to expand its product line and explore new markets.
The company has also been actively reducing costs and increasing efficiency in order to further improve its bottom line. Investors should keep an eye on Coca-Cola’s performance in the coming months, as it is likely to remain a key player in the beverage industry.
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