PG - Coca-Cola: 30%+ Upside If Dollar Gains Revert In 2024/2025
2024-06-07 13:25:14 ET
Summary
- Coca-Cola is a global enterprise with strong brand equity and growing sales volumes, despite this, the stock has underperformed the market.
- The appreciation of the US dollar has negatively impacted Coca-Cola's reported earnings, reducing its value by 31% since 2018.
- A potential weakening of the dollar could significantly boost Coca-Cola's reported earnings and share price, providing upside potential for investors.
Coca-Cola ( KO ) is the house of brands with unrivalled global reach. The company's flagship brand is as strong as ever before, as continuing innovation and unrelenting marketing focus keep customers thirsty for more. It is no surprise that Coke has managed to grow sales volumes, even as other consumer staples companies are facing increasing competition from private labels. KO is a great quality, very profitable and growing business....
Coca-Cola: 30%+ Upside If Dollar Gains Revert In 2024/2025