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Coca-Cola ( (KO) ) has shared an update.
Effective January 1, 2025, Coca-Cola will streamline its operations by discontinuing its Global Ventures segment, which was responsible for overseeing Costa Limited, innocent, and doğadan. These businesses will now be integrated into the Europe, Middle East, and Africa segment, while Costa’s ready-to-drink business and Monster Beverage Corporation fees will be reported in their respective geographic segments. This restructuring aims to simplify Coca-Cola’s operating structure and improve efficiency.
The most recent analyst rating on (KO) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on Coca-Cola stock, see the KO Stock Forecast page.
Spark’s Take on KO Stock
According to Spark, TipRanks’ AI Analyst, KO is a Outperform.
Coca-Cola’s overall stock score reflects its strong profitability and strategic growth initiatives, as highlighted in the recent earnings call. Technical indicators suggest caution, and high leverage requires careful management. The company’s premium valuation indicates market confidence, albeit with limited upside potential.
To see Spark’s full report on KO stock, click here.
More about Coca-Cola
The Coca-Cola Company is a global beverage leader, offering a wide range of nonalcoholic beverages across more than 200 countries. Its portfolio includes iconic brands like Coca-Cola, Sprite, and Fanta, as well as water, sports, coffee, tea, juice, and plant-based beverages. The company operates through a network of independent bottling partners and focuses on sustainable growth and innovation.
Average Trading Volume: 16,750,032
Technical Sentiment Signal: Strong Buy
Current Market Cap: $299.7B
See more insights into KO stock on TipRanks’ Stock Analysis page.