Coca-Cola (KO)

• Market cap: $266B
• 1 day: -1.29%
• 5 days: -3.52%
• 1 month: -12.23%
• 3 months: -10.07%
• 6 months: -2.20%
• Year to date: 3.21%
• 1 year: 7.92%
• 5 years: 17.22%
• 10 years: 43.85%
• Sector: Consumer Staples
• Industry: Beverages

About: Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

Employees: 79,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

24% more call options, than puts

Call options by funds: $2.17B | Put options by funds: $1.75B

23% more first-time investments, than exits

New positions opened: 229 | Existing positions closed: 186

15% more funds holding in top 10

Funds holding in top 10: 66 [Q2] → 76 (+10) [Q3]

9% more capital invested

Capital invested by funds: $205B [Q2] → $223B (+$18.1B) [Q3]

1% more funds holding

Funds holding: 2,968 [Q2] → 3,011 (+43) [Q3]

4% less repeat investments, than reductions

Existing positions increased: 1,185 | Existing positions reduced: 1,237

2.56% less ownership

Funds ownership: 73.42% [Q2] → 70.86% (-2.56%) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $72 17% upside
• Avg. target: $76 23% upside
• High target: $80 30% upside

7 analyst ratings

• positive: 6 86%
• neutral: 1 14%
• negative: 0 0%

Barclays Lauren Lieberman 41% 1-year accuracy 36 / 87 met price target	18% upside $73	Overweight Maintained	25 Oct 2024
Morgan Stanley Dara Mohsenian 29% 1-year accuracy 4 / 14 met price target	23% upside $76	Overweight Maintained	24 Oct 2024
Truist Securities Bill Chappell 46% 1-year accuracy 13 / 28 met price target	30% upside $80	Buy Maintained	16 Oct 2024
Barclays Lauren Lieberman 41% 1-year accuracy 36 / 87 met price target	20% upside $74	Overweight Maintained	11 Oct 2024
Wells Fargo Chris Carey 46% 1-year accuracy 13 / 28 met price target	26% upside $78	Overweight Maintained	16 Sept 2024