Coca-Cola
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)
69% more first-time investments, than exits
New positions opened: 232 | Existing positions closed: 137
24% more call options, than puts
Call options by funds: $2.17B | Put options by funds: $1.75B
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]
3% more funds holding
Funds holding: 2,974 [Q2] → 3,069 (+95) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 1,208 | Existing positions reduced: 1,266
2.56% less ownership
Funds ownership: 73.42% [Q2] → 70.86% (-2.56%) [Q3]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
5 analyst ratings
Deutsche Bank Steve Powers 63% 1-year accuracy 12 / 19 met price target | 12%upside $70 | Buy Upgraded | 12 Dec 2024 |
Wells Fargo Chris Carey 33% 1-year accuracy 11 / 33 met price target | 20%upside $75 | Overweight Maintained | 2 Dec 2024 |
Barclays Lauren Lieberman 46% 1-year accuracy 41 / 90 met price target | 17%upside $73 | Overweight Maintained | 25 Oct 2024 |
Morgan Stanley Dara Mohsenian 55% 1-year accuracy 18 / 33 met price target | 22%upside $76 | Overweight Maintained | 24 Oct 2024 |
Truist Securities Bill Chappell 40% 1-year accuracy 12 / 30 met price target | 28%upside $80 | Buy Maintained | 16 Oct 2024 |
Financial journalist opinion
Based on 71 articles about KO published over the past 30 days