"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."
"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. So we will walk through our assumptions and provide you with the story around the numbers"
Coca-Cola's shares rose 4.10% over the past month after a 5.10% decline the prior month, resulting in an 11.17% year-to-date gain but remaining nearly 7% below the April 22 YTD high. The company is expanding globally, committing more than $1.4 billion to Argentina to boost production, logistics and infrastructure, while India has become the fifth-largest market by volume. The product portfolio exceeds 300 brands including Coke Classic, Sprite, Dasani, Minute Maid and Monster. Q3 adjusted EPS of $0.82 exceeded expectations of $0.78 and revenue of $12.41 billion topped $12.39 billion estimates. The company has a century-long public history with multiple stock splits.
Read at 24/7 Wall St.
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