Coca-Cola Stock: Buy, Sell, or Hold?
Because of how much the restaurant sector struggled during the pandemic, sales for Coca-Cola (NYSE: KO) were hurting as well. At a current price-to-earnings ratio of 27, which is in line with the trailing three-year average valuation, does it make sense for investors to buy Coca-Cola right now? In the most recent quarter (Q1 2023 ended March 31), the company that's home to household brands like its namesake Coca-Cola drink, as well as Dasani, Powerade, and Simply Beverages (among others), posted revenue of $11 billion, good for a 5% jump compared to the year-earlier period.