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Coca-Cola Stock Looks Unstoppable

·4 min read
Coca-Cola Stock Looks Unstoppable

In a challenging environment, when many other companies are lowering or even pulling their full-year guidance due to inflation and recession fears, Coca-Cola (NYSE: KO) is sticking with its guidance of 5%-6% comparable earnings-per-share (EPS) growth. In terms of revenue, Coca-Cola is putting its foot on the gas, now guiding to impressive 12%-13% organic revenue growth -- a big jump from the 7%-8% it guided to last quarter. In the past, I've sometimes been wary of Coca-Cola's high multiple.