The Coca-Cola Company KO is a beverage company that manufactures, markets and sells various nonalcoholic beverages worldwide.
It will report its Q4 2024 earnings on Feb. 11, 2025. Wall Street analysts expect the company to post an EPS of $0.54, up from $0.49 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $10.80 billion, down slightly from $10.85 billion in the year-ago period.
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The 52-week range of Coca-Cola's stock price was $57.47 to $73.53.
Coca-Cola’s dividend yield is 3.01%. During the last 12 months, it paid $1.94 per share in dividends.
The Latest On Coca-Cola
On Oct. 23, the company announced its Q3 2024 earnings, posting a sales decline of 1% year-over-year to $11.9 billion. This beat the analyst consensus estimate of $11.59 billion, as reported by Benzinga.
Revenue performance included a 10% growth in price/mix and a 2% decline in concentrate sales. Concentrate sales lagged unit case volume by 1 point, primarily due to the timing of concentrate shipments.
Adjusted EPS reached $0.77, beating the consensus estimate of $0.74 and increasing 5% year-over-year. Reported EPS declined 7% to $0.66.
Coca-Cola forecasts 2024 organic revenue growth of approximately 10%, up slightly from prior guidance of 9%-10%.
Check out this article by Benzinga, which decodes Coca-Cola’s options activity.
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How Can You Earn $100 Per Month As A Coca-Cola Investor?
If you want to make $100 per month –$1,200 annually – from Coca-Cola dividends, your investment value needs to be approximately $39,867, which is around 619 shares at $64.43 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.01% in this case). So, $1,200 / 0.0301 = $39,867 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.
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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Coca-Cola stock attractive for generating steady income of $100 per month by owning 619 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Coca-Cola has raised its dividend consecutively for the last 62 years.
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© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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