Is Coca-Cola Stock a Buy?
Coca-Cola's (NYSE: KO) recent earnings announcement showed impressive organic growth and net revenue growth -- up 5% and 8% respectively. After beating on revenue and meeting earnings per share (EPS) estimates, Coca-Cola is showing promise for income investors looking to grab a forward dividend yield of 3.04% in addition to the company's newfound focus on coffee, energy drinks, and alternatives to traditional products.
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Operating in every country in the world aside from North Korea, Coca-Cola's distribution network is massive. Out of its portfolio of 3,900 beverages, 21 of those beverages each bring in over $1 billion annually in revenue. The CEO of Coca-Cola, James Quincey, noted in the most recent earnings conference call that the company is focusing on healthier beverages containing less sugar and on smaller packaging. This strategy is showing promise, as Coke Zero Sugar's revenue increased 14% year to date, assisting Coca-Cola's overall growth in sales by 3%.
Source Fool.com
