2024-07-23 18:01:29 ET
Summary
- The Coca-Cola Company delivered a strong Q2 overall, with healthy revenue and profit growth.
- Notably, operating margin and asset turnover rates both hover around multi-year peak levels.
- I see a well-rounded combination here, especially for income investors, with resilient profitability, consistent dividends, and reasonable total return potential.
KO stock: Q2 recap
I last covered The Coca-Cola Company ( KO ) about 3 months ago, as illustrated by the chart below. The article was titled “ I Expect Market-Beating Returns ” and was published on Seeking Alpha on April 22, 2024. More specifically, I made the following arguments:
KO now offers an above-average dividend yield and some valuation discounts amid an expensive overall market. As a result, I expect its long-term return potential to be noticeably better than what I expect from the overall market. Other positives offered by these shares include relatively low-price volatility, above-average dividend yield, and superb dividend growth consistency.
Read the full article on Seeking Alpha
For further details see:
Coca-Cola Q2: A Cornerstone For Income Accounts