On Tuesday, February 11, the Coca-Cola Company (NYSE: KO) released its Q4 and full-year 2024 results, showing 14% organic revenue growth despite currency headwinds and regional market pressures.
The company’s all-weather strategy has been effective, with strong performance in both the US and international markets. Moreover, CEO James Quincey highlighted the company’s agility in navigating external challenges and its focus on capturing growth opportunities.
According to the report, Coca-Cola’s net revenue for Q4 2024 rose 6% year-over-year to $11.5 billion, while organic revenue (non-GAAP) grew 14%, driven by a 9% increase in price/mix and a 5% rise in concentrate sales. The company also reported an operating margin of 23.5% for the quarter, up from 21% in the prior year.
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The Coca-Cola Company (NYSE: KO) stock price
On Thursday, February 13, the Coca-Cola Company stock closed trading at $69.50, marking a 0.79% increase from the previous close of $68.71. It reached a day high of $69.61 and a low of $68.76.
Back on Tuesday, when the Q4 report came out, Coke’s stock price jumped, with the opening price at $67.50, due to strong earnings. Since then, the stock has continued to rise, and as of today, it’s up by approximately 3%.
The market cap stands at $299.39 billion, with a P/E ratio of 28.72. The KO stock has seen a 52-week high of $73.52 and a low of $57.94.
Wall Street’s take on KO stock
Analysts have set a 12-month average price target of $75.25 for Coca-Cola, indicating an 8.27% potential upside from the current price, according to data retrieved from TipRanks.
The price target range spans from a low of $66 to a high of $85. The expert consensus rating is “Strong Buy,” reflecting a generally bullish outlook on Coca-Cola’s performance over the next year, with all 17 analysts saying “buy.”
Overall, forecasters are rather optimistic about Coke’s growth prospects, citing strong performance in both the US and international markets as key drivers. Although there are still bearish thoughts about foreign exchange impacts and potential tax disputes, which could affect future earnings expectations.
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