In the past 12 months, the stock has delivered a nearly 4% return to shareholders, which makes it one of the best dividend stocks on our list. In the third quarter of 2024, The Coca-Cola Company (NYSE:KO) reported revenues close to $12 billion, surpassing analysts' expectations by $290 million.
To collect a stock's dividend, you must own the stock at least a day before the record date and hold the shares until the ex-date.
Today, the stock trades at just under 22 times 2024 earnings, notably below its five-year average price-to-earnings ratio of 26. That makes the stock a buy today because even if you still don't think it's a bargain, investors will probably realize most of Coca-Cola's future growth and dividends as investment returns.
PepsiCo, Inc. ( PEP ) pays dividends on a quarterly basis.
Regular payouts for SBUX are paid quarterly. Recommendation not provided. See Best Monthly Dividend Stocks Model Portfolio for our top monthly income ideas.
Slow growth
Through the last three years, revenue growth has been slowing for Coca-Cola, dropping from 17.3% in 2021 (a big number largely due to the bounce back from COVID in 2020) to just under 7% revenue growth in 2023. In its most recent quarter, the company actually reported revenue declines of 1%.
Based on analyst ratings, McDonald's's 12-month average price target is $322.73. McDonald's has 14.32% upside potential, based on the analysts' average price target. McDonald's has a consensus rating of Moderate Buy which is based on 16 buy ratings, 9 hold ratings and 0 sell ratings.
KO Stock 12 Month Forecast
Based on 15 Wall Street analysts offering 12 month price targets for Coca-Cola in the last 3 months. The average price target is $73.54 with a high forecast of $82.00 and a low forecast of $67.00. The average price target represents a 20.42% change from the last price of $61.07.
Whereas ordinary dividends are taxable as ordinary income, qualified dividends that meet certain requirements are taxed at lower capital gain rates. The payer of the dividend is required to correctly identify each type and amount of dividend for you when reporting them on your Form 1099-DIV for tax purposes.
Founder and longtime CEO Jeff Bezos instilled a "Day One" philosophy in the company and insisted that it would invest for the long term. Amazon has never paid a dividend, and the company rarely buys back its stock. In fact, its share count has grown consistently over its history due to share-based compensation.
Coca-Cola (NYSE: KO) is often considered one of the most reliable income stocks in the market -- and for good reason. It has paid dividends for over 60 years and has never cut its dividend payment in that time.
That's right: $776 million for holding 400 million shares. According to Moneywise, this massive payout comes from Coca-Cola upping its quarterly dividend to 48.5 cents per share. If you're doing the math, that's $0.485 x 4 x 400,000,000.
Despite exceeding the Zacks Consensus Estimate for earnings and revenues, the company reported a 1% year-over-year revenue drop. This was led by volume declines across most operating segments, as gains from improved pricing were offset by reduced concentrate sales and unfavorable currency rates.
Analysts See 13% Upside For Amazon Stock
The 30-year-old Amazon is among the world's most valuable companies. It is a leader in e-commerce spending and in cloud computing through its Amazon Web Services business. It is also quickly growing its advertising business into a challenger to Google (GOOGL) and Meta (META).
“COST/AMZN/WMT—aka 'The Big Three' will likely gobble ~60%+ of U.S. retail growth this year, so we see Costco's elite share gain as likely to sustain outperformance.” Most of the Street sides with Melich, with 58% of analysts rating Costco stock a Buy, 37% a Hold, and 5% Sell, according to FactSet.
Based on analyst ratings, PepsiCo's 12-month average price target is $169.20. PepsiCo has 18.62% upside potential, based on the analysts' average price target. PepsiCo has a consensus rating of Moderate Buy which is based on 2 buy ratings, 3 hold ratings and 0 sell ratings.
Buffett's Coca-Cola holdings are a cornerstone of his portfolio, with the 400 million shares representing a significant portion of his wealth. This investment, which has proven to be a major financial success, continues to generate robust returns year after year.
To sum it up, The Coca-Cola Company (NYSE:KO) is not just promising as a company, but also as a reliable dividend payer, contributing to its position on our list. This explains why analysts and hedge funds are bullish on KO. Overall KO ranks 7th on our list of the best stocks to buy for long term.
Revenues: Net revenues declined 1% to $11.9 billion, and organic revenues (non-GAAP) grew 9%. Revenue performance included 10% growth in price/mix and a 2% decline in concentrate sales.
The all-time high Starbucks stock closing price was 116.60 on July 26, 2021. The Starbucks 52-week high stock price is 103.32, which is 12% above the current share price. The Starbucks 52-week low stock price is 71.55, which is 22.4% below the current share price.
Currently, it pays a quarterly dividend of $0.40 per share for a dividend yield of 2.25%, as of January 12. The number of hedge funds tracked by Insider Monkey owning stakes in NIKE, Inc. (NYSE:NKE) grew to 75 in Q3 2024, from 66 in the previous quarter. The consolidated value of these stakes is more than $5 billion.