옵션 체인은 다양한 행사가격과 만기일에 대한 Coca-Cola의 주식 옵션 주요 데이터를 보여줍니다. 트레이더들은 이 정보를 사용하여 잠재적 거래를 분석하고 Coca-Cola에 대한 시장 심리를 평가합니다..

Coca-Cola (NYSE:KO) 주식, 옵션 체인

Coca-Cola

Founded in 1886, Atlanta-headquartered Coca-Cola is the world's largest nonalcoholic beverage company, with a strong portfolio of 200 brands covering key categories including carbonated soft drinks, water, sports, energy, juice, and coffee. Together with bottlers and distribution partners, the company sells finished beverage products bearing Coca-Cola and licensed brands through retailers and food-service locations in more than 200 countries and regions globally. Coca-Cola generates around two thirds of its total revenue overseas, with a significant portion from emerging economies in Latin America and Asia-Pacific.

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토요일에 버크셔 해서웨이(NYSE:BRK)가 보험 인수 부문의 약세로 3분기 영업 이익이 감소했다고 발표했다. 오마하에 본사를 둔 이 회사의 분기별 영업 이익은 100억 9천만 달러로 전년 동기 107억 6천 1백만 달러에서 6% 이상 하락했다.

버크셔 해서웨이가 3분 영업 이익 감소 보고, 애플 지분 추가 매각

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수요일, 코카콜라(NYSE:KO)가 2024년 3분기 매출이 전년 대비 1% 감소한 119억 달러로, 애널리스트 컨센서스 추정치인 115.9억 달러를 상회했다고 보고했다.

코카콜라 3분기 실적: EPS 우세, 가격 상승에 판매량 감소 상쇄, 4분기 유기적 매출 10% 성장 전망

Previews

음료 거대 기업인 코카콜라(NYSE:KO)가 10월 23일 수요일 시장 개장 전에 3분기 재무 결과를 발표할 예정이다. 이 회사의 실적이 인플레이션 완화와 국제 시장 성장세를 부각시킬 수 있을까?

코카콜라 3분기 실적 미리보기: 음료 거대 기업이 이익, 매출 성취 기록을 유지할 수 있을까?

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COCA-COLA ORD

On Saturday, Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) registered a decline in <a href="https://www.businesswire.com/news/home/20241102654212/en/Berkshire-Hathaway-Inc.-News-Release" target="_blank" rel="noreferrer noopener">third-quarter</a> operating earnings, driven by weakness in the insurance underwriting segment.
The Omaha-based company&#8217;s quarterly <a target="_blank" href="https://www.berkshirehathaway.com/qtrly/3rdqtr24.pdf" rel="noreferrer noopener">operating earnings</a> of $10.09 billion slumped over 6% from $10.761 billion in the year-ago quarter.
Approximately 70% of the aggregate fair value was concentrated in five companies, as of September-end 2024:
<ul>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) &nbsp;&#8211; $41.1 billion</li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)&nbsp;&#8211; $69.9 billion</li>
<li>Bank of America Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>) &#8211; $31.7 billion</li>
<li>Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)&nbsp;&#8211; $28.7 billion&nbsp;</li>
<li>Chevron Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVX#NYSE">CVX</a>) &#8211; $17.5 billion</li>
</ul>
It seems <a href="https://www.benzinga.com/topic/warren-buffett">Warren Buffett</a> has vended another considerable slice of his Apple stake, continuing to reduce Berkshire Hathaway&#8217;s most significant equity investment for the fourth consecutive quarter.
Despite the ongoing selling spree, Berkshire did not buy back any company shares during the period.
Berkshire Hathaway&#8217;s cash reserves soared to a record $325.2 billion as of September-end, increasing from $276.9 billion in the second quarter, as Warren Buffett continued selling stocks, per a <a href="https://www.cnbc.com/2024/11/02/berkshire-hathaways-cash-fortress-tops-300-billion-as-buffett-sells-more-stock-freezes-buybacks.html" target="_blank" rel="noreferrer noopener">news</a> report from CNBC.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/entertainment/24/11/41700057/warren-buffetts-frugal-lifestyle-was-once-highlighted-in-the-office-cameo-what-about-mileag" rel="noreferrer noopener">Warren Buffett&#8217;s Frugal Lifestyle Was Once Highlighted In &#8216;The Office&#8217; Cameo: &#8216;What About Mileage When I Use My Car, I Mean Gas Ain&#8217;t Cheap You Know&#8217;</a>
This suggests that Buffett sold roughly a quarter of his stake, leaving around 300 million shares in his holdings. Overall, CNBC <a target="_blank" href="https://www.cnbc.com/2024/11/02/berkshire-hathaway-brk-earnings-q3-2024.html" rel="noreferrer noopener">reported</a> that his stake has decreased by 67.2% compared to the end of the third quarter of last year.
He began reducing his stake in the iPhone manufacturer during the fourth quarter of 2023 and significantly increased his selling in the second quarter, when he unexpectedly sold nearly half of his investment, the report added.
Berkshire and its subsidiaries also invest in certain businesses using the equity method, with significant holdings in common stock of The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>) and Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).
As of September 30, 2024, the firm owned 26.9% of Kraft Heinz&#8217;s outstanding shares and 28.2% of Occidental&#8217;s outstanding shares.
Q3 In Detail
The company reported third-quarter net earnings of $18,272 per average equivalent Class A share, compared with a $(8,824) loss per share in the year-ago period.&nbsp;
The company registered net earnings of $12.18 per average equivalent Class B share, compared with $(5.88) per share year over year.
In the third quarter, insurance underwriting generated earnings of $750 million versus $2.42 billion year over year (down 69%).
Earnings from insurance investment income were $3.664 billion, higher&nbsp;than $2.470 billion a year ago.
Buffett, 94, is one of the best-known fundamental investors in the world. Known as the &#8220;Oracle of Omaha,&#8221; he has a real-time net worth of $142.2 billion&nbsp;<a target="_blank" href="https://www.forbes.com/profile/warren-buffett/?sh=2ee1b9a34639" rel="noreferrer noopener">per</a> Forbes.
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Berkshire Hathaway Reports Decline In Q3 Operating Earnings, Further Reduces Apple Stake

Coca-Cola Company Announced New Reporting Lines For Costa Coffee And Innocent Businesses To Europe Operating Unit, Changes To Take Effect On Jan. 1, 2025

On Wednesday, The Coca Cola Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>) surpassed Wall Street estimates on both revenue and earnings fronts as higher prices managed to offset a rather sluggish demand for its beverages in the face of increasingly price-sensitive consumers.&nbsp;
<h3>Third Quarter Highlights</h3>
Adjusted net sales were roughly flat compared to last year, amounting to&nbsp;$11.95 billion, surpassing LSEG&rsquo;s consensus estimate of $11.60 billion. However, when acquisitions, divestitures and currency are excluded, organic revenue actually rose 9%.&nbsp;
Net income attributable to shareholders went did go down to $2.85 billion, or 66 cents per share while adjusted earnings amounted to 77 cents per share, topping LSEG&rsquo;s consensus estimate of 74 cents per share.
But, the reality is that North America consumers have been snacking and and drinking less, even its rival PepsiCo Inc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>) noticed it while also dealing with the fallout from Quaker Foods recalls. Pepsi said volume for its North American beverage business fell 3% in its third quarter. Overall, PepsiCo reported disappointing third quarter sales and also trimmed its growth outlook.&nbsp;
With a weakened international demand, Coca Cola reported its unit case volume fell by 1%. China and Turkey&rsquo;s declines were specifically named out.
Unit case volume fell 2% in both Europe, Middle East and Africa as well as Asia-Pacific regions. In North America, it was flat,&nbsp;as the weakened demand for water, sports, coffee and tea products offset growth in its namesake soda, juice, dairy, plant-based beverages and sparkling flavors.&nbsp;However, premium products with higher price tags like seltzers have performed well.
Global volume for&nbsp;sparkling soft drinks, like Sprite, and for its namesake soda were both flat, while juice, dairy and plant-based beverages division reported a 3%&nbsp;volume drop, with water, sports, coffee and tea segment&#39;s volume shrinking by&nbsp;4% which was mainly triggered by a&nbsp;6% drop in&nbsp;bottled water&#39;s volume.
Coca Cola executives stated that pricing rose 10% with a more normalized pricing on the horizon going into 2025.&nbsp;
<h3>A Reaffirmed Full Year Outlook</h3>
Coca Cola guided for 2024 organic revenue growth of roughly 10% which is the high end of the range between 9% and 10% it had previously provided, while also reiterating its earnings per share growth projection between 5% and 6%.&nbsp;
While Coca Cola will provide a full-year outlook for the upcoming year with the release of 2024&rsquo;s fourth quarter earnings report, it already revealed it is expecting currency to hurt its 2025 results, with headwinds for comparable revenue being in low-single digits and for earnings per share being in mid-single digits.
As for the fourth quarter, Coca Cola warned that earnings per share percentage growth will include a 10% currency headwind in addition to headwinds from acquisitions, divestitures and structural changes that will be about 3% to 4%.
DISCLAIMER: This content is for informational purposes only. It is not intended as investing advice.
This article is from an unpaid external contributor. It does not represent Benzinga's reporting and has not been edited for content or accuracy.

Higher Prices Energized Coca Cola's Q3 Financials

Barclays analyst Lauren Lieberman maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Overweight and lowers the price target from $74 to $73.

Price Target

Analyst Ratings

Barclays Maintains Overweight on Coca-Cola, Lowers Price Target to $73

Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) shares <a target="_blank" href="https://www.benzinga.com/quote/KO/analyst-ratings" rel="noreferrer noopener">are trading lower on Thursday</a>.
Yesterday, the company reported a&nbsp;third-quarter&nbsp;2024 sales decline of&nbsp;1%&nbsp;year-on-year to&nbsp;$11.9 billion, beating the analyst consensus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41462239/coca-cola-q3-earnings-preview-can-beverage-giant-keep-eps-revenue-beat-streaks-alive" rel="noreferrer noopener">estimate of&nbsp;$11.59 billion</a>.
Revenue performance included a&nbsp;10%&nbsp;growth in price/mix and a&nbsp;2%&nbsp;decline in concentrate sales. Concentrate sales were 1 point behind unit case volume, primarily due to the timing&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41483566/coca-cola-reports-third-quarter-2024-results-and-provides-updated-guidance" rel="noreferrer noopener">of concentrate shipments</a>.
Analysts covering Coca-Cola Company provided their takes:
<ul>
<li>BofA Securities analyst Bryan D. Spillane reiterated the Buy rating on the stock, with a price forecast of $77.</li>
<li>Morgan Stanley analyst Dara Mohsenian maintained Coca-Cola with an Overweight rating, lowering the price objective from $78 to $76.</li>
<li>Truist Securities analyst Bill Chappell reiterated the Buy rating with an unchanged price forecast of $80.</li>
</ul>
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41486650/coca-cola-q3-earnings-eps-beat-pricing-growth-offset-by-volume-decline-sees-10-q4-organic-revenue-g" rel="noreferrer noopener">Coca-Cola Q3 Earnings: EPS Beat, Pricing Growth Offset By Volume Decline, Sees 10% Q4 Organic Revenue Growth</a>
BofA Securities: According to the analyst, weaker economic conditions in emerging markets like China and the Middle East worsened weather-related challenges in India and Western Europe.
However, North America saw a boost of about 500 basis points in organic sales due to a favorable product mix, particularly from Topo Chico and sparkling drinks.
Fairlife also showed strong double-digit growth, increasing protein shake consumption across various demographics, the analyst adds.
Overall, the North American mix added 200 basis points to total sales, indicating a solid base as the analyst rides out normalization in other regions.
Spillane increased FY24 EPS estimate to $2.85 from $2.83. However, the analyst lowered the FY25 estimate to $2.98 from $3.05.
Morgan Stanley: The analyst is particularly bullish about the company&#8217;s forward commentary on returning to volume growth.
Overall, the analyst remains bullish about the company&#8217;s performance, noting that its organic sales growth is consistently strong compared to competitors. This growth is supported by several factors, including solid historical volume increases, even though there was a negative note in the third quarter.
Importantly, this growth is achieved without relying on the unrealistic rebounds that many peers are expected to experience in the future, Mohsenian adds.
The analyst notes that the company appeared unconcerned about the external environment, stating that the macro conditions show some resilience.
After the third quarter results, the analyst&#8217;s estimates for 2024 remain largely the same, but Mohsenian reduced the 2025 EPS by 3% due to foreign exchange pressures.
Consequently, the price target has been adjusted down, based on a 25.5x multiple of the revised 2025 EPS.
Truist Securities: Chappell has revised the estimates for FY24 to $46.01 billion in sales (with an unchanged EPS estimate of $2.84). For FY25, the sales estimate is lowered to $47.62 billion, and the EPS estimate is adjusted to $2.93, the analyst writes.
Additionally, new estimates for FY26 are introduced at $50.00 billion in sales and $3.18 in EPS.
Price Action: KO shares are trading lower by 1.31% to $67.31 at last check Thursday.
Photo via Shutterstock
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Analyst Color

Reiteration

Coca-Cola's Q3 Performance Highlight Resilience Amid Economic Challenges and Strong North American Sales Growth: Analysts

Morgan Stanley analyst Dara Mohsenian maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Overweight and lowers the price target from $78 to $76.

Morgan Stanley Maintains Overweight on Coca-Cola, Lowers Price Target to $76

This story was first published on the&nbsp;<a href="https://in.benzinga.com/markets/equities/24/10/41349626/much-appreciated-elon-musk-cheers-indias-move-to-allocate-satellite-spectrum" target="_blank">Benzinga India portal.</a>
PepsiCo (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pep#NASDAQ">PEP</a>)&nbsp;and&nbsp;Coca-Cola&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ko#NYSE">KO</a>) are reportedly considering launching more affordable soft drinks, priced 15%-20% lower than their mainstream products, to target regional markets and counter the growing competition from Reliance Consumer Products&rsquo; Campa.
What Happened: Billionaire Mukesh Amabani-owned&nbsp;Reliance&#39;s aggressive pricing in its Campa brand and higher trade margins for retailers in a bid to gradually expand its distribution has prompted global cola giants, which have dominated the market with little competition outside regional players, to devise counter-strategies, including introducing cheaper alternatives &mdash; or B-brands &mdash; to protect the image and margins of their core products, the Economic Times reported, citing sources.
Ravi Jaipuria, chairman of&nbsp;Varun Beverages,&nbsp;PepsiCo&rsquo;s&nbsp;largest bottling partner in India, spoke with the business daily and acknowledged the pricing competition from Campa but stated that PepsiCo had not been significantly affected.&nbsp;
However, he noted that if necessary, PepsiCo would create a range of products to compete in the B-segment pricing space. &quot;They (Reliance) have a different play,&quot; Jaipuria said during a post-earnings analyst call, while also admitting that Campa poses &quot;formidable competition&quot; and could capture market share.
If you&rsquo;d like to be ahead&nbsp;of the curve on the Indian stock market, sign up for our Ring The Bell newsletter by&nbsp;<a href="https://share.hsforms.com/1K1H7Kd0aRhmSdDIuxTAkxg1npzh" rel="noopener noreferrer" target="_blank">clicking here</a>.
Can&#39;t Budge On Price:&nbsp;Global soft drink leader&nbsp;Coca-Cola&nbsp;is also stepping up its distribution efforts, particularly in tier-2 markets, by pushing returnable glass bottles priced at ₹10. The company is also preparing to launch regional brands, like RimZim jeera, which it had previously introduced on a smaller scale. This strategy is intended to protect the margins of its mainstream brands and prevent diluting their equity.
Campa is priced competitively, selling a 200-millilitre bottle for ₹10 (12 cents), while Coca-Cola and PepsiCo sell 250-millilitre bottles for ₹20 (24 cents). A 500-millilitre bottle of Campa costs ₹20, compared to ₹30 (36 cents) for Coca-Cola and ₹40 (48 cents) for Pepsi.
Though PepsiCo and Coca-Cola have not reduced prices directly, they have increased local promotions, cross-promotions and bundling on quick-commerce platforms to maintain competitiveness. Reducing the price of core brands would directly impact margins, a key part of their strategies, industry sources told ET. Additionally, any pricing decision would need to involve independent franchisee bottling partners.
Reliance Consumer has been offering distributors a 6%-8% margin, compared to the 3.5%-5% offered by other soft drink makers, which has had a disruptive impact on the competitiveness of other brands.
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Retail Sales

Coca-Cola, Pepsi May Launch Budget Drinks In India To Fend Off Competition From India's Richest Man's Soft Drink Company: Report

On Wednesday,&nbsp;Coca-Cola Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) reported a third-quarter 2024 sales decline of 1% year-on-year to $11.9 billion, beating the analyst consensus&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41486650/coca-cola-q3-earnings-eps-beat-pricing-growth-offset-by-volume-decline-sees-10-q4-organic-revenue-g" rel="noreferrer noopener">estimate of $11.59 billion</a>.
Unit case volume declined by 1%. Growth led by Brazil, the Philippines, and Japan was more than offset by declines in China, Mexico, and Turkey.
Goldman Sachs highlighted that despite somewhat tempered investor expectations for the third quarter —partly due to PepsiCo Inc&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NYSE">PEP</a>) weaker-than-expected performance—Coca-Cola exceeded expectations again with strong results and an upbeat outlook.
Earlier this month, Pepsi&#8217;s reported mixed third-quarter&nbsp;results&nbsp;and lowered its 2024 <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges" rel="noreferrer noopener">organic revenue guidance</a>.
The company reported a third-quarter net revenue decline of 0.6% year-over-year to $23.319 billion, with organic growth of 1.3%, falling short of the consensus estimate of $23.825 billion.
Coca-Cola forecasts 2024 organic revenue growth of approximately 10%, compared to prior guidance of 9%—10%.
The global beverage company expects to deliver adjusted EPS growth of 14% to 15% compared to prior <a href="https://www.benzinga.com/news/earnings/24/07/39904801/coca-colas-sweet-surge-q2-earnings-soar-raises-2024-forecasts" target="_blank" rel="noreferrer noopener">expectations of 13% to 15%</a>.
The analyst notes that Coca-Cola&#8217;s guidance is solid compared to its consumer packaged goods (CPG) peers, made even more impressive given that it&#8217;s following a couple of solid years.
Goldman Sachs believes Coca-Cola's guidance reflects strong consumer resilience and the company's solid performance despite a tough operating landscape. However, persistent foreign exchange challenges and slower reported dollar EPS growth this year—and likely next—could put short-term pressure on the stock.
&#8220;Bottom line &#8211; We remain impressed by KO's top-line momentum and execution in a very challenging environment, as it further positions itself well for healthy, sustainable, l.t. growth,&#8221; a Goldman Sachs analyst writes.
The analyst maintains a <a target="_blank" href="https://www.benzinga.com/quote/KO/analyst-ratings" rel="noreferrer noopener">Neutral rating on Coca-Cola</a>.
Price Action: KO stock is down 1.6% at $68.32 at last check Wednesday.
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Photo: Shutterstock

Coca-Cola Is Well-Positioned For Long-Term, Sustainable Growth, Says Goldman Sachs

Wall Street is on track for its third consecutive day of losses as investors grow cautious about risky assets, awaiting more clarity on U.S. fiscal and monetary policies and scrutinizing the latest <a href="https://www.benzinga.com/earnings">batch of corporate earnings.</a>
Both equities and commodities took a hit on Wednesday, while the U.S. dollar gained strength, attracting investor flows as traders moved to safer cash positions.
The U.S. dollar index, as tracked by the the&nbsp;Invesco DB USD Index Bullish Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UUP#NYSE">UUP</a>), rose 0.5%, reaching levels last seen in late July. 
At midday in New York, the S&amp;P 500 was down 0.7%, attempting to hold support around the 5,800-point level. The Dow Jones also dropped 0.7%, and tech stocks, along with small caps, fared worse, sliding by 0.9%.
On the data front, mortgage applications declined for the fourth straight week, reflecting continued pressure <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41488744/mortgage-applications-fall-for-fourth-straight-week-as-high-rates-squeeze-homebuy">from elevated borrowing costs.</a>
Existing home sales fell by 1% in September to a seasonally adjusted annualized rate of 3.84 million, the lowest level since October 2010. This follows an upwardly revised 3.88 million in August and missed forecasts of 3.9 million.
Despite weak housing data, real estate stocks showed surprising resilience. The Vanguard Real Estate ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>) and the SPDR Homebuilders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XHB#NYSE">XHB</a>) moved higher after two straight sessions of losses.
Gold prices, as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>), fell more than 1%, pulling mining stocks down with it. Silver plummeted over 3%, retreating from 12-year highs reached on Tuesday.
Oil prices slipped by 1%, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) tumbled 2%. 
<h1 class="wp-block-heading">Wednesday&#8217;s Performance In Major U.S. Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,815.02</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,625.59</td>
<td>-0.7%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,213.10</td>
<td>-0.9%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>20,196.24</td>
<td>-0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated 12:00 p.m. ET </figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.6% to $579.72.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.7% lower to $426.41.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1% to $491.16.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 0.7% $219.80.</li>
<li>The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) outperformed, up 0.6%. The Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>) lagged, down 1%.</li>
</ul>
<h1 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h1>
<ul>
<li>Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) fell 2.4% after reporting a worse-than-expected losses<a href="https://www.benzinga.com/news/earnings/24/10/41486950/boeing-q3-earnings-revenue-and-profit-decline-cultural-challenges-ceo-ortberg-vows-transformation"> last quarter</a>.</li>
</ul>
Other stocks reacting to earnings included:
<ul>
<li>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), up 3.5%.</li>
<li>Baker Hughes Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>), up 3.9%.</li>
<li>Seagate Technology Holdings PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STX#NASDAQ">STX</a>), down over 7%.</li>
<li>Packaging Corporation of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>), up over 6%.</li>
<li>Manhattan Associates Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MANH#NASDAQ">MANH</a>), down over 7%.</li>
<li>East West Bancorp. Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWBC#NASDAQ">EWBC</a>), up over 7%.</li>
<li>Enphase Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), down over 13%.</li>
<li>Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), down 2.2%. </li>
<li>Thermo Fisher Scientific Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMO#NYSE">TMO</a>), down 2.9%.</li>
<li>NextEra Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEE#NYSE">NEE</a>), down 0.1%. </li>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>), up 3.8%. </li>
<li>Boston Scientific Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>), down 3.7%. </li>
<li>CME Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CME#NASDAQ">CME</a>), down 0.9%. </li>
<li>GE Vernova Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), down 1.6%. </li>
<li>Hilton Worldwide Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HLT#NYSE">HLT</a>), down 2.6%. </li>
<li>Vertiv Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>), down 2.8%. </li>
<li>Old Dominion Freight Line Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>), down 4.8%. </li>
</ul>
Large-cap companies reporting earnings after the close include Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), T-Mobile US Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>), International Business Machines Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), ServiceNow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>), Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>), United Rentals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URI#NYSE">URI</a>), Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>), Raymond James Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RJF#NYSE">RJF</a>). 
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Wall Street Slumps For Third Straight Day As Investor Sentiment Fades, Dollar Strength Resumes, Boeing Disappoints: What's Driving Markets Wednesday?

WIIM

Coca-Cola shares are trading lower following Q3 earnings.

On Wednesday, Coca-Cola Company&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>)&nbsp;reported a third-quarter 2024 sales decline of 1% year-on-year to $11.9 billion, beating the analyst consensus <a target="_blank" href="https://www.benzinga.com/news/earnings/24/10/41462239/coca-cola-q3-earnings-preview-can-beverage-giant-keep-eps-revenue-beat-streaks-alive" rel="noreferrer noopener">estimate of $11.59 billion</a>.
Revenue performance included a 10% growth in price/mix and a 2% decline in concentrate sales. Concentrate sales were 1 point behind unit case volume, primarily due to the timing <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/b41483566/coca-cola-reports-third-quarter-2024-results-and-provides-updated-guidance" rel="noreferrer noopener">of concentrate shipments</a>.
Adjusted operating margin was 30.7% versus 29.7% in the prior year, driven by a charge of $919 million related to the remeasurement of the contingent consideration liability to fair value related to the acquisition of Fairlife in 2020 and currency headwind.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41018384/coca-colas-efforts-to-entice-gen-z-fall-flat-spiced-discontinued-after-just-6-months" rel="noreferrer noopener">Coca Cola&#8217;s Efforts To Entice Gen Z Fall Flat: Spiced Discontinued After Just 6 Months</a>.
Adjusted EPS reached $0.77, beating the consensus estimate of $0.74, up 5% year-over-year. Reported EPS declined 7% to $0.66.
Unit case volume declined by 1%. Growth led by Brazil, the Philippines, and Japan was more than offset by declines in China, Mexico, and Türkiye.
Outlook: Coca-Cola forecasts 2024 organic revenue growth of approximately 10%, compared to prior guidance of 9%—10%.
The global beverage company expects to deliver adjusted EPS&nbsp;growth of 14% to 15% compared to prior <a target="_blank" href="https://www.benzinga.com/news/earnings/24/07/39904801/coca-colas-sweet-surge-q2-earnings-soar-raises-2024-forecasts" rel="noreferrer noopener">expectations of 13% – 15%</a>.
For the fourth quarter, Coca-Cola says adjusted net revenues are expected to include an approximate 4% currency headwind and a 4% to 5% headwind from acquisitions, divestitures, and structural changes.
Adjusted EPS growth is expected to include an approximate 10% and 3% to 4% headwind from acquisitions, divestitures, and structural changes.
For fiscal 2025, Coca-Cola adjusted net revenues and EPS percentage growth are expected to include a low single-digit and mid-single-digit&nbsp;currency&nbsp;headwind, respectively.
Price Action: KO stock is down 1.28% at $68.58 during the premarket session at last check Wednesday.
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Coca-Cola Q3 Earnings: EPS Beat, Pricing Growth Offset By Volume Decline, Sees 10% Q4 Organic Revenue Growth

Coca-Cola Sees FY25 Non-GAAP Comparable Net Revenues ~5% Based On Current Rates

Coca-Cola Sees FY24 Organic Revenue Growth ~10%

Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) reported quarterly earnings of $0.77 per share which beat the analyst consensus estimate of $0.74 by 4.05 percent. The company reported quarterly sales of $11.900 billion which beat the analyst consensus estimate of $11.598 billion by 2.60 percent. This is a 0.44 percent decrease over sales of $11.953 billion the same period last year.

Earnings Beats

Coca-Cola Q3 2024 Adj. EPS $0.77 Beats $0.74 Estimate, Sales $11.900B Beat $11.598B Estimate

Beverage giant Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) is set to report third-quarter financial results before the market opens <a href="https://www.benzinga.com/earnings">Wednesday, Oct. 23.</a>
Could the company's earnings highlight easing inflation and growth in international markets?
Earnings Estimates: Analysts expect Coca-Cola to report third-quarter revenue of $11.60 billion, compared to revenue of $11.95 billion in last year's third quarter, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent102224&amp;t=be2bearmibe3na1">from Benzinga Pro. </a>
The company has beaten analyst revenue estimates in more than 10 straight quarters.
Analysts expect the company to report third-quarter earnings per share of 74 cents per share, in line with last year's third-quarter total of 74 cents. The company has beaten analyst estimates for earnings per share in eight of the past 10 quarters, meeting expectations in the other two quarters. Earnings beat analyst estimates in the past two straight quarters.
Read Also: <a href="https://www.benzinga.com/markets/equities/24/09/41018384/coca-colas-efforts-to-entice-gen-z-fall-flat-spiced-discontinued-after-just-6-months">Coca Cola&#8217;s Efforts To Entice Gen Z Fall Flat: Spiced Discontinued After Just 6 Months</a>
Key Items to Watch: Coca-Cola's earnings report comes weeks after beverage rival PepsiCo Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PEP#NASDAQ">PEP</a>) reported third-quarter results with an earnings per share beat and revenue miss.
Pepsi is more diversified outside of beverages in snacks and food, which could make Coca-Cola's report interesting for the beverage sector after Pepsi<a href="https://www.benzinga.com/news/earnings/24/10/41225048/pepsico-adjusts-2024-revenue-expectations-after-mixed-q3-performance-and-global-challenges"> lowered full-year revenue guidance.</a>
Coca-Cola raised earnings per share guidance and revenue guidance after <a href="https://www.benzinga.com/news/earnings/24/07/39904801/coca-colas-sweet-surge-q2-earnings-soar-raises-2024-forecasts">second-quarter results</a>. Keeping guidance intact or raising it again could have Coca-Cola more preferentially viewed to its beverage rival.
Coca-Cola stock is up 16% year-to-date in 2024, outperforming Pepsi, which is up less than 1% in 2024, but both stocks lag the overall S&amp;P 500, which is up over 23% on the year.
Inflation concerns and weight-loss drugs leading to cutbacks on carbonated beverages are among the headwinds Coca-Cola and Pepsi faced. With inflation easing according to reports, commentary from the beverage company on consumer demand and trends could be key for how the stock reacts Wednesday after the report.
One of the keys to Coca-Cola's earnings strength in the second quarter was the Europe, Middle East and Africa region, which had organic revenue up 30%, compared to a 10% increase in North America. Analysts and investors will be looking to see continued strength from Coca-Cola in international markets.
Other items to watch in the report include the impact<a href="https://www.benzinga.com/general/social-media/24/08/40174736/trump-vp-pick-j-d-vance-criticized-simone-biles-in-2020-for-her-weakest-moments-being-celebr"> from a sponsorship</a> of the 2024 Summer Olympics and how new partnerships like one with Oreo are helping sales momentum.
KO Price Action: Coca-Cola stock is up 0.14% to $69.55 on Tuesday versus a 52-week trading range of $54.04 to $73.53.
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Photo: Shutterstock

Coca-Cola Q3 Earnings Preview: Can Beverage Giant Keep EPS, Revenue Beat Streaks Alive?

The Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) will release earnings results for its third quarter, before the <a href="https://www.benzinga.com/quote/KO/earnings">opening bell on Wednesday, Oct. 23,</a>
Analysts expect the Atlanta-based beverage company to report quarterly earnings at 74 cents per share. That&#8217;s up from 67 cents per share in the year-ago period. Coca-Cola projects to report revenue of $11.6 billion for the recent quarter, compared to $11.44 billion a year earlier, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
On Oct. 17, Coca-Cola Company announced that Bela Bajaria, Chief Content Officer for Netflix Inc., has been elected as a director.
With the recent buzz around Coca-Cola, some investors may be eyeing potential gains from the company's dividends, too. The company offers an annual dividend yield of 2.79%. That&#8217;s a quarterly dividend amount of 48.5 cents per share ($1.94 a year).
To figure out how to earn $500 monthly from Coca-Cola, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Coca-Cola's $1.94 dividend: $6,000 / $1.94 = 3,093 shares
So, an investor would need to own approximately $214,809 worth of Coca-Cola, or 3,093 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.94 = 619 shares, or $42,990 to generate a monthly dividend income of $100.
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
KO Price Action: Shares of Coca-Cola fell by 1.4% to close at $69.45 on Monday.
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Long Ideas

How To Earn $500 A Month From Coca-Cola Stock Ahead Of Q3 Earnings

Truist Securities analyst Bill Chappell maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Buy and raises the price target from $70 to $80.

Truist Securities Maintains Buy on Coca-Cola, Raises Price Target to $80

If you could go back in time to January 1, 2000, and tell your past self to make just one investment, what would it be?
Maybe&nbsp;Apple Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), which has sold 1.5 billion iPhones since 2007 and reported a $21.45 billion profit last quarter?
Or&nbsp;Tesla Inc.&nbsp;(NASDAQ:TSLA, which went from selling just 937 cars in 2009 to over 1.8 million last year?
Some savvy income investors might consider&nbsp;Altria Group Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MO#NYSE">MO</a>). The tobacco giant, formerly Phillip Morris International Inc., has grown its dividends by over 700% since the early 2000s. In fact, Altria was the most successful stock of the 20th century, turning every $1 invested into over $6,000.
But that was the 20th century. Since the year 2000, one little-known company has left these Wall Street darlings in the dust.
How an Energy Drink Company Thrashed Apple's, Tesla's, and Nvidia's Returns
Monster Beverage Corp.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) is a company no one ever described as changing the world. It's not putting an iPhone into every third human's hand or solving climate change.
Yet this energy drink company returned over 140,000% from 2000 to 2024 so far — enough to turn every $1 invested into $1,400 and change.
Why was Monster Beverage able to dramatically outperform these world-changing companies?
Part of the reason comes from its size. Monster Beverage recorded $92 million in revenue in 2002 while Apple reported $5.7 billion. A smaller company can grow revenue—and ultimately its earnings and share price—much faster than a company that's already a behemoth.
But there's bigger factor at play. Apple spent $446 million on research and development in 2002 to stay ahead of its competitors and maintain its existing operations. By 2022, its annual operating costs had reached $274 billion.
To keep the lights on, Apple had to spend $274 billion, or the company could no longer make and sell products. By contrast, Monster Beverage spent just $4.6 billion on operating costs in 2022.
It turns out that an energy-drink business is a lot less capital-intensive than a tech business—and this difference, compounded over the years, means that Monster Beverage had hundreds of billions of dollars more to plow into growing its business by expanding operations and claiming greater market share.
A similar dynamic benefitted&nbsp;Coca-Cola Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>). If you've ever wondered why the ticker symbol is KO rather than CO or CC, it's because Wall Street settled on an acronym for "knock out." The sentiment was that investing in Coca-Cola was a slam dunk because the invaluable brand name commanded loyalty from hundreds of millions around the world. How could investors go wrong?
Sure enough, $100 invested in Coca-Cola at the time of its 1919 initial public offering (IPO) would have turned into $1.25 million a century later. A lot of factors are behind that performance, but it's not a coincidence that Coca-Cola had to pay just $24 billion in operating costs in 2020, or less than 10% of what Apple paid.
So, while tech stocks understandably get most of the mainstream media's attention, investors should never discount the power of companies that can grow earnings each year without massive research and development budgets. As they say on Wall Street, "boring can be beautiful" when it comes to markets—and Monster Beverage proves it.
Get Trade Alerts From Nic, an Options Pro Who Gets Real Results with 20 years of experience. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=mo7op1spmireml25&amp;utm_source=RD-1014">Click here now for more details.</a>
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Africa Bloc Probes Alleged Anti-Competitive Coca-Cola Conduct

Barclays analyst Lauren Lieberman maintains Coca-Cola (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>) with a Overweight and raises the price target from $70 to $74.

Barclays Maintains Overweight on Coca-Cola, Raises Price Target to $74

Coca-Cola brings back the Barrilitos brand to Texas and California

Los Angeles County has filed a lawsuit in Los Angeles Superior Court accusing PepsiCo (PEP) and Coca-Cola (KO) of polluting the most populated coun...

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The Coca-Cola Company is the world's largest soft drink company and also has a sizable fruit juice business.

The Coca-Cola Company (KO) Dividend Stock Analysis

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Berkshire Hathaway's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) cash pile swelled to $325.21 billion in the third quarter on consistent sales of Apple ($AAPL) stock...

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7-Eleven Unveils Bold New Slurpee® Drink Experience with Coca-Cola® and OREO®

Consolidated Theatres & Coca Cola® Debut New 'Island Punch' Beverage Developed Exclusively for the New Coca Cola Freestyle® Beverage Fountains at Consolidated's Ward Village and ʻŌlino

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