Coca-Cola Reports Fourth Quarter and Full-Year 2023 Results

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Go back to Coca-Cola Reports Fourth Quarter and Full-Year 2023 Results

CFRA Downgrades Coca-Cola (KO) to Buy

February 13, 2024 8:26 AM EST

CFRA analyst Garrett Nelson downgraded Coca-Cola (NYSE: KO) from Strong Buy to Buy with a price target of $66.00 (from $68.00).

The analyst comments "We lower our 12-month target by $2 to $66, based on a '25 P/E of 22.0x, a discount to KO's... More

Coca-Cola (KO) Reports In-Line Q4 EPS, Beats on Revenue; Offers FY24 Guidance

February 13, 2024 6:56 AM EST

(Updated - February 13, 2024 6:59 AM EST)

Coca-Cola (NYSE: KO) reported Q4 EPS of $0.49, in-line with the analyst estimate of $0.49. Revenue for the quarter came in at $10.8 billion versus the consensus estimate of $10.67 billion.

The company expects to deliver organic revenue (non-GAAP) growth of 6% to 7%.

For comparable net revenues... More