The Coca-Cola Company first went public in 1919 and it began paying a dividend in 1920. The company has raised its dividend every year since 1962 making it a Dividend King. To put the bonds will deliver in 2021 company’s growth and scale into perspective, one share of KO purchased at the IPO price of $40 was worth nearly $10 million in 2012 and the stock price has nearly doubled since then.
Unlike Coca-Cola, PepsiCo accumulation has soared into the third quarter, with on-balance volume lifting to an all-time high. Dow component The Coca-Cola Company (KO) is trading higher by more than 2% in Tuesday’s pre-market session after meeting second quarter 2020 earnings per share (EPS) estimates of $0.42. Revenue declined a staggering 28% to $7.2 billion, which missed expectations by a small margin. Global unit case volume declined sharply as well during the quarter, highlighting intense headwinds as a result of the COVID-19 pandemic.
- Coca-Cola met conservative second quarter 2020 earnings estimates on Tuesday morning, triggering a buy-the-news reaction, but a sharp decline in quarterly revenues could dampen investor enthusiasm.
- Founded in 1886, the company today is vastly different from its creator’s original intent.
- The name is derived from two of the original ingredients coca leaves and kola nuts, although those ingredients are not used today, and was intended to be sold in pharmacies.
- During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks.
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Coca-Cola (KO) Stock Price, News & Analysis
The consensus among Wall Street research analysts is that investors should «moderate buy» KO shares. During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. PepsiCo stock fell to a six-year low in 2009 and entered an uptrend that broke out to a new high in 2013.
Brands under the Coca-Cola umbrella include Fanta, Fresca, Schweppes, Sprite, Dasani, Gold Peak, Minute Maid, Simply, BODYARMOR, FUZE TEA, and Powerade brands. A trading channel is drawn using parallel trendlines to connect a security’s support and resistance levels within which it currently trades. Pemberton sold his formula and brand in 1889 to Asa Griggs Candler who then embarked on a nationwide advertising campaign. By 1895 Coca-Cola was being sold in every state in the union and it wouldn’t be long before the beverage was being enjoyed worldwide. By 1889 the company was operating under a franchised distribution system that is still in effect today. Filter stock price historical data by date with the ability to view Opens, Highs, Lows, Closes, VWAPs, Volume % Change, and Change.
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The company chose not to provide fiscal year 2020 guidance, due to continued uncertainty. 7 Wall Street research analysts have issued «buy,» «hold,» and «sell» ratings for Coca-Cola in the last year. There are currently 1 hold rating and 6 buy ratings for the stock.
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This represents a $1.94 annualized dividend and a dividend yield of 3.21%. This is a boost from the stock’s previous quarterly dividend of $0.46. The Coca-Cola Company is headquartered in Atlanta, Georgia, and operates as a beverage company worldwide with sales in over 200 countries. The company manufactures, https://www.forex-world.net/software-development/system-life-cycle/ markets, and sells various nonalcoholic beverages and has expanded well beyond soda and pop. After years of expansion and acquisitions, The Coca-Cola Company is represented in verticals from sparkling soft drinks to flavored water, enhanced water, sports beverages, juice, dairy, tea, and coffee.
As a result, rival PepsiCo looks like a better bet for long-term investors, especially with its competitive dividend yield of 3.07% compared to Coke’s 3.56%. The beverage giant’s income is highly levered to worldwide partnerships with restaurant, entertainment, and sports venues that have been closed or capacity-restricted due to the pandemic. Coca-Cola’s rival has benefited from a hugely popular line of at-home snacks that include Doritos, Quaker Oats, Tropicana, and Lay’s Potato Chips. Coca-Cola announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 15th will be given a dividend of $0.485 per share on Monday, April 1st.
The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024. These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies. Customize the view of stock chart with the ability to show key indicators such as Earnings, Dividends & Splits as well as filtering to view only Pre- and Post-Market prices. Coca-Cola Company manufacturesand sells nonalcoholic beverages under well-known brand names in the U.S. and internationally. Coca-Cola was founded in 1886 and is headquartered in Atlanta, GA.
The first quarter decline broke channel support, while the bounce into June reversed at new resistance now situated in the upper $40s. Weak buying interest also lowers the odds for a breakout into the low $50s, with the on-balance volume (OBV) accumulation-distribution indicator slumping near first quarter lows. 7 Wall Street research analysts have issued twelve-month price objectives for Coca-Cola’s shares. On average, they anticipate the company’s stock price to reach $67.00 in the next year. This suggests a possible upside of 10.8% from the stock’s current price.
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The name is derived from two of the original ingredients coca leaves and kola nuts, although those ingredients are not used today, and was intended to be sold in pharmacies. View stock split history, including the cumulative number of shares that would be held if one share of stock was purchased when the stock began trading in 1919. View year-end closing price of KO stock and annual dividends paid per share. 797 employees have rated Coca-Cola Chief Executive Officer James Quincey on Glassdoor.com. James Quincey has an approval rating of 92% among the company’s employees. This puts James Quincey in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
Long-term trendlines guided price action through most of the decade, with support roughly aligned at the 50-month EMA. The stock broke out above the upper trendline in 2019, adding to a strong rally impulse that posted an all-time high at $147.30 in February 2020. The selloff into March failed the breakout before finding support at a two-year low just under the lower trendline. Coca-Cola finally completed a round trip into the 1998 high at $44.47 in 2014 and eased into a shallow rising channel that crisscrossed the prior high repeatedly into the third quarter of 2018. Committed bulls then took control, generating a channel breakout that posted an all-time high at $60.07 in February 2020. The stock then sold off with world markets, failing the multi-year breakout before settling at a four-year low in the mid-$30s in March.
The Coca-Cola Company is one of the world’s most recognized brands. Founded in 1886, the company today is vastly different from its creator’s original intent. The original formula was invented by John Stith Pemberton as a health drink, energy boost, and patent medicine following his time in the Civil War.