Coca-Cola (KO) raises 2024 guidance, Q2 earnings and revenue tops estimates

Coca-Cola (KO) PT Raised to $70 at Truist Securities

July 24, 2024 4:11 PM EDT

Truist Securities analyst Bill Chappell raised the price target on Coca-Cola (NYSE: KO) to $70.00 (from $65.00) while maintaining a Buy rating.

The analyst comments "This is a follow up from our note published yesterday (see note here). We are maintaining our FY24 sales... More

Coca-Cola (KO) PT Raised to $75 at Argus

July 24, 2024 2:00 PM EDT

Argus analyst Christopher Graja raised the price target on Coca-Cola (NYSE: KO) to $75.00 (from $72.00) while maintaining a Buy rating.

The analyst comments " KO shares have underperformed the S&P 500 over the past quarter, rising 7% compared to gains of 10% for the index and 1% for the... More

Coca-Cola (KO) PT Raised to $68 at RBC Capital

July 24, 2024 6:30 AM EDT

RBC Capital analyst Nik Modi raised the price target on Coca-Cola (NYSE: KO) to $68.00 (from $65.00) while maintaining a Outperform rating.

The analyst comments "Another strong quarter for KO, delivering top line strength, volume momentum, with high quality earnings. Back half guidance... More

Coca-Cola (KO) PT Raised to $72 at CFRA

July 23, 2024 8:25 AM EDT

CFRA analyst Garrett Nelson raised the price target on Coca-Cola (NYSE: KO) to $72.00 (from $68.00) while maintaining a Buy rating.

The analyst comments "We increase our 12-month target by $4 to $72, based on a '25 P/E of 23.6x, a discount to KO's... More

Coca-Cola raises forecasts, bets on price hikes and ad blitz

July 23, 2024 6:56 AM EDT

By Ananya Mariam Rajesh

(Reuters) -Coca-Cola raised its annual sales and profit forecasts on Tuesday, as the beverage maker expects to benefit from price hikes and an advertising blitz, mainly in international markets where demand for its sodas and juices has been relatively strong.

Shares of Coca-Cola rose nearly 2% as the company also posted a surprise increase in second-quarter revenue.

The company has been trying out newer versions of its drinks such as Coke Spiced and Georgia Coffee to cater to varied tastes, while sponsoring music festivals and sporting events such as the Euro 2024... More

Coca-Cola (KO) Tops Q2 EPS by 4c, Beats on Revenue

July 23, 2024 6:56 AM EDT

Coca-Cola (NYSE: KO) reported Q2 EPS of $0.84, $0.04 better than the analyst estimate of $0.80. Revenue for the quarter came in at $12.4 billion versus the consensus estimate of $11.77 billion.

For earnings history and earnings-related data on Coca-Cola (KO) click here.

... More

Harris support, Tesla earnings, Wiz's deal - what's moving markets

July 23, 2024 5:16 AM EDT

Investing.com -- Corporate earnings will be in the spotlight Tuesday, especially from tech giants Tesla and Alphabet, while Wiz has reportedly turned down a deal with Google. Vice President Kamala Harris looks set for a run at the presidency. 

1. Harris has backing for Democratic nomination - AP survey

Vice President Kamala Harris appears to be in prime position to receive the Democratic Partys nomination to run against Republican candidate Donald Trump in Novembers presidential election.

An AP survey indicated that... More

Coca-Cola (KO) EPS preview

July 22, 2024 2:00 PM EDT

Morgan Stanley analysts have reiterated their Overweight rating on Coca-Cola (NYSE: KO), forecasting upside in both organic sales growth (OSG) and earnings per share (EPS) for Q2 2024.

The investment bank sees Coca-Cola raising its FY24 EPS guidance, supported by strong fundamentals and international market exposure.

The bank's analysts also predict Coca-Cola will post solid 2Q results, with expectations of OSG and EPS outperforming consensus estimates.... More

Coca-Cola (KO) call put ration 1.2 calls to 1 put into quarter results

July 22, 2024 11:03 AM EDT

Coca-Cola (NYSE: KO) July 26 weekly call option implied volatility is at 27, August is at 17; compared to its 52-week range of 10 to 24 into the expected release of quarter results before the bell on July 23.

... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Spotlight on GDP, PCE data and earnings

July 22, 2024 9:15 AM EDT

U.S. stocks ended Friday trading in the red as Wall Street concluded a week characterized by a shift from this years megacap winners to smaller names.

The S&P 500 fell by 0.71%, closing at 5,505.00. The Nasdaq Composite dropped 0.81%, ending at 17,726.94. The Dow Jones Industrial Average decreased by 377.49 points, or 0.93%, to 40,287.53.

Fridays declines were widespread, with the Russell 2000 also down by 0.63%. Despite this, the focus on stocks expected to benefit more from potential Federal Reserve interest rate cuts, such as small caps, remained prominent throughout the week.

The S&P 500 and Nasdaq experienced... More