3 Reasons Why Coca-Cola Stock Just Hit an All-Time High
Coca-Cola (NYSE: KO) stock blasted to an all-time high on Friday after reporting its second-quarter 2024 earnings earlier in the week. The consumer staple giant posted solid results and shared uplifting guidance. Here's why Coke deserves to be at an all-time high and why the dividend stock is worth buying now.
Unlike , which mostly operates its own production facilities, Coke leverages a global business model centered around royalties, franchised bottling partners, and a highly sophisticated supply chain. Its business model is perfect for capturing growth in global markets because it keeps the company's spending low and profit margins high.
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Source Fool.com
PepsiCo Inc. Stock
€159.52
-0.140%
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
With a target price of 174 € there is a slightly positive potential of 9.08% for PepsiCo Inc. compared to the current price of 159.52 €.
