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
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.
可口可樂公司(NYSE:KO)於二季度發佈了FY24年度銷售額增長3%，達到124億美元，超過分析師平均預期的117.53億美元。
Below are comments from analysts along with current ratings and price targets.
以下是分析師評論以及當前評級和目標股價。
BofA Securities – Reiterates Buy, $70 price target
美銀證券 - 重申買入，目標股價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.
分析師Bryan D. Spillane表示，儘管基本的日用消費品背景面臨着挑戰，但本季度和1H24的基本業績處於計劃的頂端，得益於銷售增長的平衡。
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.
分析師認爲，第二季度是可口可樂運營模式如何應對多方面宏觀經濟不確定性的經典季度。
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.
分析師認爲，儘管存在歐洲溫和的天氣、惡性通貨膨脹和貨運/衝突相關的干擾等風險，但他認爲KO很少有風險實現爲本年度提高的有機銷售額和每股收益指南。
For FY24, the analyst expects organic sales growth of +10%, up from the previous 9% estimate.
對於FY24，分析師預計有機銷售增長率爲+10%，高於此前的9%預期。
RBC Capital Markets – Outperform, raises price target to $68.00 from $65.00
RBC Capital Markets - 表現良好，將目標股價從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的全球箱量超出預期，上漲2%，其中拉丁美洲增長5%，亞太地區增長3%，全球冒險和裝瓶投資增長強勁，分析師Nik Modi稱。
The analyst added that this is another strong quarter for KO, delivering top-line strength, volume momentum, and high-quality earnings.
分析師補充稱，這是KO的又一強勁季度，實現了收入強勁增長、銷售量勢頭迅猛和高質量收益。
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.
根據分析師的說法，下半年指導意味着第三季度會放緩，原因是第二季度的一些貨運時間效益正在消失，同比增長率變得更加艱難，還有一些發達市場的低迷現象。
The analyst believes KO's fundamentals are strong and the company has the momentum and flexibility to deliver against its targets for the year.
分析師認爲，KO的基本面強勁，公司具有動力和靈活性實現其全年目標。
Truist Securities- Maintains Buy rating, $65.00 price target
Truist Securities- 維持買入評級，目標股價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.
分析師Bill Chappell指出，KO的有機收入同比增長15%，所有地區均有增長，其中北美，EMEA和LatAm的有機收入增長分別爲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.
超出預期的銷售額和毛利率(61.4%比分析師預期的60.1%高)被高於預期的銷售和管理支出(28.6%比分析師預期的28.3%高)部分抵消，從而推動了EPS的超額實現。
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.
分析師認爲，KO在實現其全球總部飲料公司的戰略的同時，也在各地實現了中等單數字的有機增長，並看到美國在分離經銷商後的趨勢改善。
Price Action: KO shares are trading higher by 1.329 at $65.80 at last check Wednesday.
股價表現：KO股票在週三最後一次交易中以1.329美元的漲幅報於65.80美元。
Photo by Mahbod Akhzami on Unsplash
Photo by Mahbod Akhzami on Unsplash