Coca-Cola Sees Solid Growth Ahead. Can the Stock Finally Break Out of Its Trading Range?
While Coca-Cola (NYSE: KO) has been putting up solid organic revenue growth the past few years, its stock has largely been range bound. In fact, its stock price is up only about 15% over the past five years, as of this writing. However, the stock got a bit of a boost following its fourth-quarter earnings report and is now up around 10% year to date.Let's take a close look at the company's Q4 results and guidance to see if the stock may finally break out of its trading range.Pricing power was once again behind Coca-Cola's solid results, with some modest case volume growth thrown in. For the quarter, the company's organic revenue -- which excludes the impact of acquisitions, divestitures, and currency movements -- jumped 14%. Continue reading
While Coca-Cola (NYSE: KO) has been putting up solid organic revenue growth the past few years, its stock has largely been range bound. In fact, its stock price is up only about 15% over the past five years, as of this writing. However, the stock got a bit of a boost following its fourth-quarter earnings report and is now up around 10% year to date.
Let's take a close look at the company's Q4 results and guidance to see if the stock may finally break out of its trading range.
Pricing power was once again behind Coca-Cola's solid results, with some modest case volume growth thrown in. For the quarter, the company's organic revenue -- which excludes the impact of acquisitions, divestitures, and currency movements -- jumped 14%.
