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What's the Beef with: The Coca-Cola Company (KO)

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The Coca-Cola Company (KO)

The only thing like Coca-Cola, is Coca-Cola itself! The 1942 slogan by the soda-producing giant still rings true to this day 76 years later. Looking at the fundamentals we can see that nothing beats the refreshing taste of an ice-cold Coke, which is evident from the Q3 earnings:

  • Earnings per share (EPS) from Continuing Operations Grew 62% to $0.54c.
  • With Comparable EPS from continuing operations (Non-GAAP) up 14%, Impacted by an 8% currency
  • Organic Revenues (Non-GAAP) Grew by 6%
  • Net Revenues saw a decline of 9%, due to bottler refranchising.
  • 1-year change: 92%
  • Next earnings date: 14 February 2019.

Take note that The Coca-Cola Company have declared a dividend of $0.39 cents per share, with the Ex-Dividend date falling on the 29th of November 2018. The expected dividend payment date would then be on the 14th of December 2018.

Taking a closer look at the chart we can see that the stock is currently at an all-time high, trading well above the 50-day moving average. From looking at the Relative Strength Index (RSI indicator) at the bottom of the chart we can see that the stock is not over bought, which indicates there might be more upside potential.

Coca-Cola 50-day moving average
Source - Bloomberg

The best news of all is this stock is a #Trive50 share, which means 'Thrivalists' stand to pay $0 in brokerage fees when purchasing The Coca-Cola Company (KO) stock on EasyEquities.

Portfolio particulars:

  • Portfolio Hold (Current)
  • Portfolio buy for dividend (Current)
  • #WhatsTheBeef target price: $50.00

Did you know: The Coca-Cola Company (KO)

  • Coca-Cola was invented by a pharmacist called John Stith Pemberton, way back in the year 1886. Pemberton’s bookkeeper, Frank M Robinson is credited for naming the products and creating its logo.
  • The distinctive coke bottle was originally shaped like a cocoa bean, even though Coca-Cola contained no actual cocoa.
  • The name came from the two main ingredients, coca leaves and kola nuts. 'Coca,' which contained trace amounts of cocaine was used until the company removed it in the 1900s.
  • The image we have of Santa Clause in his jolly red and white suite is all thanks to an ad campaign ran back in 1931 by Coca-Cola to boost dwindling winter sales.

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Barry is a market analyst with GT247, with a wealth of experience in the investment markets. Now in his tenth year in the markets, Barry "The Beef" Dumas brings a combination of technical analysis and fundamental insights to the table.