Where Will Coca-Cola Stock Be in 3 Years?
Coca-Cola (NYSE: KO) stock captures a lot of market attention. It's one of Warren Buffett's favorite stocks, it's a classic Dividend King, and Coca-Cola's products are ubiquitous across most of the world.
Coca-Cola began to look a bit tired leading up to the pandemic, but since making some major restructuring and operational changes to manage through the initial challenge, it's been performing much better. Sales are up, and it has a leaner, more productive product line. Let's see where it's going, and where you can expect to see it three years from now.
Prior to the pandemic, Coca-Cola's sales were growing modestly. Generating high growth for the largest global beverage company is no easy feat. After dramatic sales declines when the pandemic hit, Coca-Cola restructured its operations and slashed its underperforming brands, about half of the total, from its portfolio. It also stepped up its innovation in size and packaging to reach customers in supermarkets. All of these actions continue to impact it positively even as the takeaway business is back in action.
Source Fool.com
