"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 (while other sites just pick a share price without explaining why)."
Shares of Coca-Cola gained 4.03% over the past month and 4.10% the month prior, producing a year-to-date gain of 17.85% while remaining about 1.38% below its April 22 YTD high. The company is expanding globally with more than $1.4 billion planned for Argentina to boost production and logistics, and India becoming its fifth largest market by volume. The product portfolio exceeds 300 brands, including Coke Classic, Sprite, Dasani, Monster, and Minute Maid. Q3 adjusted EPS of $0.82 topped expectations and revenue of $12.41 billion exceeded forecasts. The company has a long public history with multiple stock splits and dividends.
Read at 24/7 Wall St.
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