Coca-Cola PT Raised 6% to $87 as Q4 Revenue Rises 5%
UBS lifted its price target on The Coca-Cola Company by 6% to $87 from $82 while maintaining a Buy rating, citing stable core fundamentals despite a complex quarter. In Q4, organic revenue climbed 5%, unit case volume rose 1%, and comparable EPS reached $0.58, up 6%.
1. Analyst Price Target Increase
UBS raised its price target on The Coca-Cola Company to $87 from $82 and maintained a Buy rating, citing the resilience of its core business despite a more complex quarterly performance.
2. Q4 Financial Results
In the fourth quarter, Coca-Cola’s organic revenue increased 5% while unit case volume rose 1%, with comparable EPS reaching $0.58, a 6% year-over-year gain despite a 5% currency headwind and a higher effective tax rate.
3. Strategic Initiatives and Market Share
Management highlighted 19 consecutive quarters of global value share gains, the addition of multiple billion-dollar brands to its portfolio, recent product innovations like Sprite Chill and Holiday Creamy Vanilla, and the upcoming CEO succession as pillars of its growth strategy.