How to Buy Coca Cola Stock
Coca Cola Co
Coca Cola is a beverage company located in Georgia, United States, which is part of the Consumer Defensive sector, and is traded under the ticker KO on the NYSE exchange.
Coca Cola stock last closed at $71.55, down 0.42% from the previous day, and has increased 21.52% in one year. It has underperformed other stocks in the Beverages - Non-Alcoholic industry by 0.24 percentage points. Coca Cola stock is currently +38.8% from its 52-week low of $51.55, and -2.69% from its 52-week high of $73.53.
There are currently 4.31B KO shares outstanding. The market value of KO is $308.37B. In the last 24 hours, 10.27M KO shares were traded.
How to Buy Coca Cola Stock
Not sure how to invest in Coca Cola stock? Here's how.
- Decide where to buy Coca Cola stock: You need to pick an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you determine where to buy Coca Cola stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Deposit funds into your investment account: Select your payment method and add your details.
- Research Coca Cola stock: The Coca Cola ticker symbol is KO. Is Coca Cola stock a good investment? Should you buy shares of KO? How do KO's underlying business fundamentals look? Do top analysts think Coca Cola is a good buy? Why has KO's stock price moved recently? (Hint: Our stock market research website can help you evaluate if KO is a good stock to buy).
- Make your KO buy order: Decide if you will purchase KO shares at the current market price or use a limit order to buy KO stock at a specific price.
- Watch your investment in KO: Create a watchlist to get live updates on your investment in Coca Cola shares.
Step 1: Decide where to buy Coca Cola stock
You will need a brokerage account to access the NYSE market and buy KO stock.
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Open eToro AccountStep 2: Create a brokerage account
Now that you've chosen the right brokerage, you need to fill out some personal info so you can buy KO stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Input your personal details to open a new brokerage account.
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Step 3: Deposit funds into your investment account
Now that you have opened your account on one of the most highly reviewed stock apps, you need to deposit funds:
Check out the tutorial below to see the process of depositing money into your investment account.
Step 4: Research Coca Cola stock
Once you have selected the best place to buy Coca Cola stock, it's very important to evaluate their stock before you buy, so you actually comprehend the risk and upside.
Overview of key KO info
Coca Cola Overview
WallStreetZen was built to help everyday investors do better fundamental analysis.
You can see all of the due diligence checks on KO's stock page.
Is KO stock overvalued?
Analysts use many financial metrics, analyses, models, and charts to gauge KO's true value.
Using relative valuations measures:
- KO may be overvalued based on its P/E ratio of 28.97x, relative to Beverages - Non-Alcoholic industry P/E ratio of 26.66x
- KO may be overvalued based on its P/B ratio of 11.93x, relative to Beverages - Non-Alcoholic industry P/B ratio of 7.57x
- KO could be overvalued based on its PEG ratio of 3.07x
You can access additional valuation research on KO's stock here.
How do KO Financials look?
Passed Health Checks:
- KO earnings of $14.49B is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the KO balance sheet.
- Total KO debt is lower than 5 years ago, relative to shareholder equity.
- KO's operating cash flow of $11.08B allows it to safely service it's debt of $43.82B.
Failed Health Checks:
- There are more long-term liabilities than short-term assets on the KO balance sheet.
- KO profit margin has gone down from 23.8% to 22.9% in the past year.
- KO has a relatively high debt to equity ratio of 2.85.
Is KO stock a Buy, Hold, or Sell, according to analysts?
Out of 14 Wall Street analysts who research KO, the consensus analyst rating on KO is a Strong Buy
It's important to keep in mind that analyst ratings are not stock recommendations, nor are they financial advice.
Latest KO Analyst Upgrades/Downgrades
Nik Modi, a bottom 2% analyst from RBC Capital maintains KO with a buy rating and raises their KO price target from $65.00 to $68.00, on Jul 24, 2024.
RBC Capital's Nik Modi raised their price target on Coca Cola (NYSE: KO) by 4.6% from $65 to $68 on 2024/07/24. The analyst maintained their Buy rating on the stock.
Coca Cola delivered an earnings beat, Modi said after reviewing the company's 2024/07/23-dated Q2 2024 print.
The company's impressive performance showcased robust top-line growth, increasing volume, and solid earnings, the analyst detailed.
However, management's 2H guidance points to a weaker Q3, Modi cautioned investors.
The analyst believes the company's comps will become "sequentially tougher" as some of the "shipment timing benefits" from Q2 wear off, and there are "pockets of weakness" in developed county markets.
Earnings Report
For Q2 2024, Coca Cola reported:
- EPS of $0.84, which beat the Zacks Consensus Estimate of $0.80 and, by 7%, Q2 2023’s $0.78.
- Revenue of $12.36B, which beat the Zacks Consensus Estimate by 3.86% and, by 3%, Q2 2023’s $11.97B.
For FY 2024, management guided:
- Revenue growth of 9% to 10%.
- EPS growth of 5% to 6%.
Chairman & CEO James Quincey commented: “We are encouraged with our Q2 results, which delivered solid topline and operating income growth in an ever-changing landscape.
“Together with our bottling partners, we continue to execute our highly effective all-weather strategy, and we are confident in our ability to deliver on our raised FY 2024 guidance and longer-term objectives.”
Steve Powers, a top 13% analyst from Deutsche Bank maintains KO with a hold rating and raises their KO price target from $64.00 to $65.00, on Jul 24, 2024.
Chris Carey, a top 15% analyst from Wells Fargo maintains KO with a strong buy rating and raises their KO price target from $70.00 to $73.00, on Jul 24, 2024.
Bryan Spillane, a top 19% analyst from Bank of America maintains KO with a strong buy rating and raises their KO price target from $68.00 to $70.00, on Jul 10, 2024.
Andrea Teixeira, a top 13% analyst from JP Morgan maintains KO with a strong buy rating and raises their KO price target from $68.00 to $72.00, on Jul 10, 2024.
You can dig deeper into what analysts are saying on the Coca Cola stock forecast page.
KO Trading Indicators
KO Revenue
Last year, KO earnings were $10.65B. Over the past five year, KO's earnings have grown by 8.54% per year. This was slower than the Beverages - Non-Alcoholic industry average of 8.99%.
Last year, KO revenue was $46.47B. During the past 5 year, KO's revenue has grown by 5.67% per year. This was slower than the Beverages - Non-Alcoholic industry average of 8%.
You can research KO's earnings and revenue performance here.
What are KO insiders up to?
In the past 12 months, insiders at KO have sold more shares than they have bought.
Nancy Quan, Executive Vice President of KO, was the latest KO insider to sell. They sold $1,321,606.00 worth of KO shares on Aug 27, 2024.
Research more about who owns KO shares here.
Can I rely on KO as an income stream?
Coca Cola pays a dividend of 2.64%, compared to the Beverages - Non-Alcoholic industry's average dividend yield of 3.18%. If you owned $1,000 of KO stock, you would have been paid $26.42 in the past year.
Coca Cola dividend payments have consistently grown over the past decade and have remained stable.
Get more data about Coca Cola dividend yield and history here.
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Step 5: Make your KO buy order
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a given price, place a limit order.
Hit the Open Trade button and your broker will place the order.
If you want more help investing in stocks on eToro, watch the helpful video below:
Step 6: Watch your investment in KO
Now that you own some KO stock, you'll want to stay up-to-date on your new company.
Add KO to a watchlist to keep tabs on your KO stock.
KO Feed
How to Buy Stock in Coca Cola
To reiterate, here are the 6 steps for buying Coca Cola stock:
- Decide where to buy Coca Cola stock
- Create a brokerage account
- Deposit funds into your investment account
- Research Coca Cola stock
- Make your KO buy order
- Watch your investment in KO
If you need a place to buy stocks, eToro is our recommended venue.
Get Started with eToro TodayIf you want to watch your new investment in Coca Cola, create a watchlist on WallStreetZen today.
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