137.85 -0.21 (-0.15%)
After hours: 5:49PM EDT
|Bid||137.55 x 900|
|Ask||138.18 x 800|
|Day's range||136.42 - 139.08|
|52-week range||101.42 - 147.20|
|Beta (5Y monthly)||0.58|
|PE ratio (TTM)||27.34|
|Earnings date||01 Oct 2020|
|Forward dividend & yield||4.09 (2.93%)|
|Ex-dividend date||03 Sep 2020|
|1y target est||151.96|
Coca-Cola (NYSE: KO) dominates the market for on-the-go beverages, which makes it poorly suited to today's stay-at-home global consumer environment. The announcement showed encouraging progress at stemming sales declines and slashing costs. Sales declines moderated to 9% compared to the 28% slump Coke endured during the peak social distancing months of April and May. The company's 4% volume decline also marked a solid improvement from the second quarter's 16% dive .
Beverage giant Coca-Cola (NYSE: KO) reported third-quarter earnings today showing that the business is still struggling from the impacts of the pandemic. While earnings and revenue beat analyst expectations, organic sales (which exclude currency impacts, acquisitions, or divestitures) still declined 6% as the company's away-from-home business continues to struggle. In comparison, rival PepsiCo (NASDAQ: PEP) said in its earnings report earlier this month that it saw 4% organic revenue growth.
Impossible Foods founder Pat Brown tells Yahoo Finance its in the best interest of the plant-based food movement if its chief rival keeps its customers.