Analysts Rally Behind Coca-Cola: Foresee Strong Growth and Resilience Amid Economic Challenges
Analysts Rally Behind Coca-Cola: Foresee Strong Growth and Resilience Amid Economic Challenges
Analyst Bryan D. Spillane said that despite a challenging fundamental consumer staples backdrop, underlying results for the quarter and 1H24 are at the top end of the plan, driven by balanced sales growth.On Tuesday, Coca-Cola Company (NYSE:KO) reported second-quarter FY24 sales growth of 3% year-on-year to $12.4 billion, beating the analyst consensus estimate of $11.753 billion.
可口可乐公司(NYSE:KO)于二季度发布了FY24年度销售额增长3%，达到124亿美元，超过分析师平均预期的117.53亿美元。
Below are comments from analysts along with current ratings and price targets.
以下是分析师评论以及当前评级和目标股价。
BofA Securities – Reiterates Buy, $70 price target
美银证券 - 重申买入，目标股价70美元。
Analyst Bryan D. Spillane said that despite a challenging fundamental consumer staples backdrop, underlying results for the quarter and 1H24 are at the top end of the plan, driven by balanced sales growth.
分析师Bryan D. Spillane表示，尽管基本的日用消费品背景面临着挑战，但本季度和1H24的基本业绩处于计划的顶端，得益于销售增长的平衡。
The analyst sees the second quarter as a textbook quarter for how Coke's operating model is capable of weathering macroeconomic uncertainties on multiple fronts.
分析师认为，第二季度是可口可乐运营模式如何应对多方面宏观经济不确定性的经典季度。
Risks like tepid weather in Europe, hyperinflation and shipping/conflict related disruptions notwithstanding, the analyst sees little risk in KO achieving raised organic sales and EPS guide for the year.
分析师认为，尽管存在欧洲温和的天气、恶性通货膨胀和货运/冲突相关的干扰等风险，但他认为KO很少有风险实现为本年度提高的有机销售额和每股收益指南。
For FY24, the analyst expects organic sales growth of +10%, up from the previous 9% estimate.
对于FY24，分析师预计有机销售增长率为+10%，高于此前的9%预期。
RBC Capital Markets – Outperform, raises price target to $68.00 from $65.00
RBC Capital Markets - 表现良好，将目标股价从65.00美元升至68.00美元。
KO reported better than expected global case volumes +2% led by +5% growth in Latin America, +3% in Asia Pacific and strong growth in Global Ventures and Bottling investments, said analyst Nik Modi.
KO的全球箱量超出预期，上涨2%，其中拉丁美洲增长5%，亚太地区增长3%，全球冒险和装瓶投资增长强劲，分析师Nik Modi称。
The analyst added that this is another strong quarter for KO, delivering top-line strength, volume momentum, and high-quality earnings.
分析师补充称，这是KO的又一强劲季度，实现了收入强劲增长、销售量势头迅猛和高质量收益。
According to the analyst, back-half guidance implies a softer third quarter as some shipment timing benefit from the second quarter unwinds, comps get sequentially tougher, and developed markets have pockets of softness.
根据分析师的说法，下半年指导意味着第三季度会放缓，原因是第二季度的一些货运时间效益正在消失，同比增长率变得更加艰难，还有一些发达市场的低迷现象。
The analyst believes KO's fundamentals are strong and the company has the momentum and flexibility to deliver against its targets for the year.
分析师认为，KO的基本面强劲，公司具有动力和灵活性实现其全年目标。
Truist Securities- Maintains Buy rating, $65.00 price target
Truist Securities- 维持买入评级，目标股价65.00美元。
Analyst Bill Chappell noted KO's organic revenue was +15% YoY, with growth across all regions, led by North America, EMEA, and LatAm, with organic sales growth of 10%, 30%, and 28%, respectively.
分析师Bill Chappell指出，KO的有机收入同比增长15%，所有地区均有增长，其中北美，EMEA和LatAm的有机收入增长分别为10%，30%和28%。
The better-than-expected sales and gross margin (61.4% vs. the analyst's 60.1% est.) were partially offset by higher-than-expected SG&A (28.6% vs. the analyst's 28.3% est.) to drive the EPS beat.
超出预期的销售额和毛利率(61.4%比分析师预期的60.1%高)被高于预期的销售和管理支出(28.6%比分析师预期的28.3%高)部分抵消，从而推动了EPS的超额实现。
The analyst views KO as well positioned to post mid-single digit organic growth as it fulfills its total beverage company strategy around the world and sees improving trends in the U.S. post bottler re-franchising.
分析师认为，KO在实现其全球总部饮料公司的战略的同时，也在各地实现了中等单数字的有机增长，并看到美国在分离经销商后的趋势改善。
Price Action: KO shares are trading higher by 1.329 at $65.80 at last check Wednesday.
股价表现：KO股票在周三最后一次交易中以1.329美元的涨幅报于65.80美元。
Photo by Mahbod Akhzami on Unsplash
Photo by Mahbod Akhzami on Unsplash