Coca-ColaNYSE: KO

Nike's sales growth stalled out over the past year. Coca-Cola continues to flourish in a challenging market.

Within this analysis, you will find a rationale for KO's attractiveness supported by a series of comparisons between the Enterprise and some of its competitors (incl. PEP and KDP). Coca-Cola's stock price has increased ~21.5% since its crash in the second half of 2023. Its EV/EBITDA multiple is significantly higher than its competitors. However, I believe the Company has deserved its valuation.

Coca-Cola's annual return of 6.3% since 2004 lags behind the S&P 500, but recent strategic shifts have led to a 9% return. The company's focus on digital innovation, global market expansion, and strong pricing power make it a solid choice for steady returns. Despite underperformance compared to the S&P 500, Coca-Cola's strong balance sheet, dividend growth streak, and innovative strategy position it well for the future.

Dublin, July 01, 2024 (GLOBE NEWSWIRE) -- The "The Coca-Cola Company - Digital Transformation Strategies" company profile has been added to ResearchAndMarkets.com's offering.

Coca-Cola stock has generated a total return of 10% in 2024. The company pays a higher-than-average dividend yield of 3%.

Coca-Cola (KO) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Coca-Cola is a dividend king and has raised its dividend annually for 62 years. It typically yields around double the S&P 500 average.

Investors have been drawn to companies conducting forward-stock splits. Including stock dividends, Coca-Cola's shareholders have enjoyed 11 stock-split events since the company went public 105 years ago.

The latest trading day saw Coca-Cola (KO) settling at $63.84, representing a -0.2% change from its previous close.