Here's Where Things Went Wrong For Coca-Cola in 2017
Coca-Cola (NYSE: KO), one of Warren Buffett's favorite stocks, is widely considered a safe income play for long-term investors. However, Coca-Cola's 9% gain over the past year underperformed both its rival PepsiCo (NYSE: PEP) and the S&P 500, which respectively rose 11% and 18%. Let's take a look back at what went wrong at Coca-Cola this year.
Coca-Cola's sales growth is only positive on an organic basis, which excludes the impact of foreign exchange rates, acquisitions, divestments, refranchising efforts, and other charges. But on a reported basis, Coca-Cola's revenue has fallen annually for ten straight quarters.
Image source: Coca-Cola.
Source: Fool.com
Coca-Cola Co. Stock
€57.91
0.230%
The stock is an absolute favorite of our community with 21 Buy predictions and no Sell predictions.
With a target price of 63 € there is a slightly positive potential of 8.79% for Coca-Cola Co. compared to the current price of 57.91 €.
