Coca Cola Co  (KO)

Coca-Cola Co Sees Surge in Share Prices, Despite Income Decrease in Q4 2023

Quarterly Dividend Declaration and Market Performance Highlight Coca-Cola Co*s Strength

Published Feb 21 2024 / Modified Feb 21 2024
CSIMarket Team / CSIMarket.com

wines_in_a_supermarket_By_francois_from_Strasbourg,_france_(Small_french_supermarket)__[CC-BY-SA-2.0_(http_creativecommons.org_licenses_by-sa_2.0)]_via_Wikimedia_CommonsCoca-Cola Co shares have experienced a significant increase of 6.3% over the past three months, indicating a positive trend in the market.
Additionally, in the last month alone, shares have grown by 1.45%, further reinforcing the company's upward trajectory.
With shares currently only 6.6% away from reaching its 52-week high, Coca-Cola Co seems to be on a promising path.

This positive news comes amidst the announcement of a regular quarterly dividend of 46 cents per common share by Coca-Cola's Board of Directors.
The dividend is scheduled to be paid out on December 15th to shareholders of record as of December 1st.
This declaration serves as a reassurance to shareholders and demonstrates the stability and growth potential of Coca-Cola as a global beverage giant.

Despite a decrease in the company's bottom-line earnings per share (EPS) from $0.47 to $0.46 compared to the same period the previous year,
Coca-Cola Co saw a 7.151% increase in revenue in its December 31, 2023 report.
This growth in revenue outperformed many of its peers in the nonalcoholic beverages sector, where the majority of companies experienced an average top-line improvement of 3.01% during the same period.

However, in contrast to the previous quarter, Coca-Cola Co experienced a decline in revenue by -9.236% and a -35.73% decrease in EPS.
Earnings in the October to December 31, 2023 fiscal period also fell by -3.4% compared to the corresponding period the year before, totaling $1,986.000 million.

To counter these challenges, Coca-Cola Co has focused on improving its sales, resulting in a shift in net margin to 18.31%. The company has also witnessed an increase in inventories and supplies, reaching $4,424.0 million.
Analysts have speculated that this buildup may be due to slowing demand.

However, the company experienced a rise in operating earnings by 9.54%, totaling $2,273 million.
Meanwhile, the level of accounts receivable declined to $3,410.0 million, which some analysts attribute to the aforementioned slowdown in demand.

Looking at the financial reports for the full year of 2023, Coca-Cola Co declared revenue of $45.75 billion, marking a 6.39% increase compared to the previous year.
Additionally, earnings per share increased by 12.79% to $2.47 per share from $2.19 in the prior fiscal year.

Considering these facts, it is evident that Coca-Cola Co has demonstrated promising growth and stability in recent months.
Although some challenges, such as a decrease in bottom-line earnings and a decline in revenue in the previous quarter, have been observed, the overall outlook for the company seems positive.
With its continued focus on improving sales and its reputation as a global beverage leader, Coca-Cola Co is poised for continued success in the market.

Coca Cola Co's Capital Expenditures Growth

Coca Cola Co's Revenue per Employee


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