As of April 25, 2023, both Coca-Cola and PepsiCo have announced impressive first-quarter earnings, despite facing inflationary pressures. Coca-Cola’s net sales have increased by almost 5% to nearly $11 billion, with organic revenue rising by 12%, mainly due to the higher prices of the company’s drinks. Similarly, PepsiCo’s revenues have reached $16.2 billion, showing a year-over-year increase of 9.3%, surpassing analysts’ predictions of $15.6 billion. Both companies have also raised their full-year outlook for organic revenue growth.

Coca-Cola’s net income attributable to shareholders has amounted to $3.11 billion, or 72 cents per share, which is higher than the $2.78 billion, or 64 cents per share, earned during the same period last year. Excluding restructuring charges, tax matters, and other items, earnings amounted to 68 cents per share, surpassing Refinitiv’s survey of analysts who expected an average of 64 cents. However, Coca-Cola’s operating margin has slipped to 30.7% from 32.5% a year ago.

Meanwhile, PepsiCo has reported core Q1 earnings of $1.29 per share, reflecting a 7% year-over-year increase on a constant currency basis, surpassing consensus estimates of $1.23 per share. PepsiCo’s portfolio of brands includes Lays, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo’s CEO, Ramon Laguarta, has stated, “Given the strength and resilience of our businesses to date, while reflecting higher than expected input cost inflation for the balance of 2022, we now expect our full-year organic revenue to increase 8 percent (previously 6)”.

Coca-Cola (KO) Stock Performance and Financials on April 25, 2023

On April 25, 2023, Coca-Cola (KO) stock opened at $64.10 and fluctuated within a range of $63.64 and $64.17, with a total volume of 8,205,924 shares traded. KO’s market cap is currently at $277.1B, and the company’s earnings growth for the last year was -2.64%, but it has since rebounded with a growth rate of +4.95% for this year. Revenue growth for the last year was reported at +10.63%, which is a good sign for investors. Compared to other beverage companies in the industry, KO had a positive performance on April 25, 2023. KO’s next reporting date is on July 25, 2023, with an EPS forecast of $0.72 for this quarter. The company’s annual revenue for the last year was $42.8B, with a net profit margin of 22.27%.

Coca-Cola Cos Median Target Price for 2023 Forecasted at $70.00 by Analysts

On April 25, 2023, Coca-Cola Co (KO) had a median target price of $70.00, according to 20 analysts offering 12-month price forecasts. The high estimate was $75.00, while the low estimate was $63.00. The median estimate represented a +9.84% increase from the last price of $63.73. The current consensus among 26 polled investment analysts was to buy stock in Coca-Cola Co. This rating had held steady since March, when it was unchanged from a buy rating. Coca-Cola Co had reported earnings per share of $0.72 and sales of $11.7 billion for the current quarter.

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