Solid Organic Sales Buoy Wide-Moat Coca-Cola's 2Q Results; Shares a Touch Rich
Despite the mid-single-digit uptick in shares, we see little in Coca-Cola’s second-quarter results to warrant a material change in our $49 per share fair value estimate or our long-term outlook (calling for around 4% average annual organic sales growth and 600 basis points of operating margin expansion to nearly 35% toward the end of next decade). Results through the first six months of the year generally align with our full-year expectations, but in light of the rise in the share price, we now ...Coca-Cola is a nonalcoholic beverage company. The company owns or licenses and markets nonalcoholic beverage brands, which it groups into the following category clusters: sparkling soft drinks; water, enhanced water and sports drinks; juice, dairy and plant-based beverages; tea and coffee; and energy drinks. The company's nonalcoholic sparkling soft drink brands are Coca-Cola, Diet Coke, Fanta and Sprite. The company markets, manufactures and sells beverage concentrates and syrups, including fountain syrups; and finished sparkling soft drinks and other nonalcoholic beverages. The company's segments are Europe, Middle East and Africa; Latin America; North America; Asia Pacific; Global Ventures; and Bottling Investments.
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