Coca-cola Company dividend yield – 2023 Struggles: Is Coca-Cola Still a Good Dividend Stock?

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COCA-COLA ($NYSE:KO): The Coca-Cola Company has been a staple of the stock market since its inception, and for dividend investors, it has been a safe choice. But now, in 2023, Coca-Cola is facing many struggles. With their stock prices falling and their profits decreasing, investors are left wondering if Coca-Cola is still a good dividend stock. Coca-Cola is one of the world’s largest beverage companies, with a wide variety of products ranging from iconic sodas and juices to bottled teas and sparkling water. Coca-Cola has a long history of paying dividends, which gives investors steady payouts over the years.

However, 2023 has not been kind to Coca-Cola. Their profits have taken a hit due to increased competition and changing consumer tastes.

Additionally, their share prices have been volatile as a result of the pandemic, and their future outlook is uncertain. This leaves investors wondering if Coca-Cola is still a wise choice for dividend investors in this current climate. Some investors remain optimistic about the company’s prospects, while others are skeptical. They key for investors is to do their research and assess the risks before investing in Coca-Cola.

Dividends – Coca-cola Company dividend yield

Coca-Cola Company has been issuing an annual dividend per share for the last three years, amounting to 1.78, 1.76, and 1.68 USD respectively. This has resulted in a dividend yield of 2.94%, 2.87%, and 3.11% from 2021 to 2023. Therefore, if you are looking for dividend stocks, Coca-Cola Company might be a good choice for you. Although the company has experienced some struggles in the past few years, its dividends are still reliable and consistent.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Coca-cola Company. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Coca-cola Company. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Coca-cola Company. More…

Key Ratios Snapshot

Some of the financial key ratios for Coca-cola Company are shown below. More…

Share Price

As of Wednesday, Coca-Cola Company‘s stock opened at $59.9 and closed at $59.7, down by 0.2% from its last closing price of $59.8. Furthermore, the company has experienced slower growth in its dividend payments over the last year. Given these factors, the outlook for Coca-Cola’s dividend yield in 2023 remains uncertain. Investors should take into account the company’s recent performance and peer comparison as well as any potential changes in the future when deciding whether Coca-Cola is still a good dividend stock in 2023. Live Quote…

Analysis

At GoodWhale, we recently conducted an analysis of the fundamentals of the Coca-Cola Company. The Star Chart assessment of the company gave it a high health score of 9/10, indicating that it has strong cash flows and debt, and is well-positioned to sustain future operations in times of crisis. Our analysis also revealed that the Coca-Cola Company has a strong dividend, is highly profitable, and is medium in asset; however, it is weak in growth. We have classified the company as a ‘rhino’, which is a type of company that has achieved moderate revenue or earnings growth. This type of company may be attractive to conservative investors who are looking for dividend-paying stocks with low levels of risk. They would be looking for companies that are established and have solid fundamentals, and as such, the Coca-Cola Company could be an attractive option. On top of this, investors may also be interested in companies that offer a diverse range of products, which is something the Coca-Cola Company has in abundance. 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

However, the company has faced several challenges related to declining sales in recent years. Despite this, Coca-Cola continues to be a strong dividend stock with a long history of reliable dividend payments. Analysts recommend that investors look at the company’s financials before investing as the company is highly exposed to macroeconomic and consumer trends. A careful review of the company’s financials can reveal potential risks and rewards that come with owning the stock.

Additionally, investors should keep an eye on the company’s financial performance, competitive landscape, and macroeconomic prospects to ensure they are making an informed decision when investing in Coca-Cola.