AllAnalyst Report
logoArgusJuly 22, 2021

The Coca-Cola Company: Raising price target to $65 from $63

Symbols
KO
Sector(s)
Consumer Defensive
Rating
Current Price
$54.44
Price Target
Earnings Estimate
Summary

Coca-Cola, based in Atlanta, is a leading producer of soda, juices and juice drinks, and ready-to-drink teas and coffees. Sales in 2020 were $33 billion. The company distributes its products in more than 200 countries. Core brands include Coca-Cola, Diet Coke, Sprite, Fanta, Coca-Cola Zero, Vitaminwater, PowerAde, and Minute Maid. KO's operating groups are Europe, Middle East & Africa; Latin America; North America; Asia Pacific; Bottling Investments; and Corporate. The company sells beverage concentrates or syrups and finished beverages. Sixty nine percent of the beverage volume sold and distributed is 'Sparkling.' Categorized by brand, 43% is under the Coca-Cola trademark. In 2019 the company created Global Ventures division which includes the new Costa coffee business and Monster Beverage. The company's fourth quarter and fiscal year end on December 31. The first, second and third quarters end on the Friday closest to the end of the calendar quarter.

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Analyst Profile

Chris Graja, CFA

Senior Analyst: Retail
Chris covers the Consumer sector for Argus. He was the #1 Stock Picker in the Household Durables sector, winning the 2019 StarMine U.S. Analyst award from Refinitiv. He was the #1 Stock Picker in Food and Staples Retailing, winning back-to-back U.S. Analyst Awards in 2015 and 2016. He received a prestigious Volunteer of the Year award from the New York Society of Security Analysts in 2000. Prior to Argus, Chris spent 16 years at Bloomberg Financial Markets. He was the Director of Training and a Senior Researcher for Bloomberg’s research division before joining the new Bloomberg magazine as Technical Studies Editor in 1993. He rose to Executive Markets Editor of the publishing group. Chris co-authored the book “Investing in Small-Cap Stocks,” which was published in three U.S. editions, an audio book, and two Chinese editions. Chris earned an MBA from Rutgers University. He is a CFA charterholder.