{"id":5661,"date":"2023-05-08T07:37:24","date_gmt":"2023-05-08T11:37:24","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/whats-next-for-coca-cola-stock-after-an-upbeat-q1\/"},"modified":"2023-05-08T07:37:24","modified_gmt":"2023-05-08T11:37:24","slug":"whats-next-for-coca-cola-stock-after-an-upbeat-q1","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=5661","title":{"rendered":"What\u2019s Next For Coca-Cola Stock After An Upbeat Q1?"},"content":{"rendered":"
\n

Coca-Cola stock<\/strong> (NYSE: KO) is up 1% in a month, faring slightly better than the broader markets, with the S&P500 down 1%. Although the company posted upbeat Q1 results last week, we believe KO stock is fully valued. Coca-Cola revenues<\/strong> were up 5% to $11 billion in Q1\u201923, compared to our forecast of $10.8 billion. Sales growth was led by an 8% rise in price\/mix and 3% volume gains, and this trend is expected to continue in the near term. For Coca-Cola
\n KO
\n <\/fbs-ticker>, both at-home and away-from-home channels have grown. North America and EMEA segments saw double-digit sales growth in Q1, while Latin America was up in high single-digits, led by both volume growth and better price realization.<\/p>\n

The company\u2019s adjusted operating margins were up 40 bps in Q1, partly due to the impact of the company\u2019s refranchising of bottling operations. On a reported basis, the operating margin declined 170 bps due to currency headwinds. Our Coca-Cola Operating Income Comparison<\/strong> <\/strong>dashboard has more details. The earnings of $0.68 on a per share and adjusted basis were up 5% from $0.64 in the prior-year quarter, and this compares with our estimate of $0.64. Coca-Cola also reaffirmed its full-year outlook. It expects its organic sales growth to be between 7% and 8% and adjusted earnings to rise in the mid-single digits.<\/p>\n

Looking at valuation, we estimate Coca-Cola\u2019s Valuation<\/strong> to be $62 per share, slightly below its current market price of $64. At its current levels, KO stock is trading at 24x the forward earnings estimate of $2.63, aligning with its last three-year average of 24x, implying that the stock is now fully valued.<\/p>\n

While KO stock looks fully valued, it is helpful to see how Coca-Cola\u2019s Peers<\/strong> fare on metrics that matter. You will find other valuable comparisons for companies across industries at Peer Comparisons<\/strong>.<\/strong>Furthermore, the Covid-19 crisis has created many pricing discontinuities which can offer attractive trading opportunities. For example, you\u2019ll be surprised at how counter-intuitive the stock valuation is for <\/strong>Coca-Cola vs. Footlocker<\/strong>.<\/p>\n

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Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Coca-Cola stock (NYSE: KO) is up 1% in a month, faring slightly better than the broader markets, with the S&P500 down 1%. Although the company posted upbeat Q1 results last week, we believe KO stock is fully valued. Coca-Cola revenues were up 5% to $11 billion in Q1\u201923, compared to our forecast of $10.8 billion. […]<\/p>\n","protected":false},"author":1,"featured_media":5662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-5661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets","tag-featured"],"yoast_head":"\nWhat\u2019s Next For Coca-Cola Stock After An Upbeat Q1? | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Coca-Cola stock (NYSE: KO) is up 1% in a month, faring slightly better than the broader markets, with the S&P500 down 1%. 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