Coca-Cola's 'Best In Class' Strategy Spurs Margin Optimism: Analyst

Benzinga

Coca-Cola reported 82¢ EPS, beating estimates, with 6% organic revenue growth led by Coca-Cola Zero Sugar. Bank of America raised its price target to $80, calling the company “best in class” for long-term growth.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Coca-Cola Company traded steadily on Wednesday after reporting third-quarter adjusted earnings of $0.82 per share,

00:07topping analyst estimates of $0.78, according to Benzinga.

00:11Coca-Cola's zero sugar led with 14% growth, followed by a 2% gain for Diet Coke.

00:15Economic revenue rose 6% year-over-year, with unit cases up 1%, pricing contributing 4 points.

00:21Think of America's Peter T. Galvo, reaffirmed a buy rate, raising the price target to $80,

00:25and calling Coca-Cola best-in-class for the balanced portfolio.

00:29He expects mid-single-digit organic growth through 2026.

00:33He noted that re-franchising in Africa should boost margins by 2027.

00:37Coca-Cola's share slipped 0.27% to $71.02 on Wednesday, according to Benzinga Pro.

00:42For all things money, visit Benzinga.com.

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