"Shares of Coca-Cola (NYSE:KO) lost 4.00% over the past month after gaining 4.03% the month prior. That puts the legacy soft drink maker's year-to-date (YTD) gain at 13.14%. But since it's YTD high on April 22, KO is down 5.32%. The Dividend King is still having a strong year, and globally, Coca-Cola continues to expand its footprint. Last spring, the company announced it will be investing more than $1.4 billion in Argentina to boost production, improve logistics and optimize infrastructure."
"Coca-Cola is among the world's most well-recognized brands and debatably the popular drink on Earth. In addition to its iconic Coke Classic, Coca-Cola has drastically expanded its menu of selections over the decades to include other popular brands, such as Sprite, Fresca, Smart Water, Dasani Water, Minute Maid lemonade and juices, Barq's Root Beer, Monster Energy Drinks, Seagram's Ginger Ale, teas and many others, totaling over 300."
"When the company reported Q3 earnings on Oct. 21, it beat analysts' expectations on both the top and bottom lines. Adjusted EPS of 82 cents beat expectations of 78 cents, while revenue of $12.41 billion beat expectations of $12.39 billion. 24/7 Wall St. crunched the numbers to give you our best guess about Coca-Cola's future share price. No one has a crystal ball, and even the Wall Street is wrong just as often as it is right when it comes to predicting future stock prices."
Coca-Cola's shares delivered a year-to-date gain of 13.14% but have retreated 5.32% from the April 22 high after a recent monthly pullback. The company continues global expansion, committing more than $1.4 billion to Argentina and naming India its fifth-largest market by volume. The brand portfolio exceeds 300 beverages, including Coke Classic, Sprite, Dasani, Minute Maid, Monster and many others. Q3 results showed adjusted EPS of $0.82 versus $0.78 expected, and revenue of $12.41 billion versus $12.39 billion expected. The company has operated as a public firm since 1919 with multiple stock splits and a long dividend history. Future share-price projections remain uncertain and depend on growth, execution, and market conditions.
Read at 24/7 Wall St.
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