Skip to main content

7 Bellwether Stocks Signaling a Return to Normal in 2021 - 1 of 7

#1 - Coca-Cola (NYSE:KO)

The Coca-Cola logo

The first stock on the list is a traditional bellwether stock. Coca-Cola (NYSE:KO) has managed to navigate the pandemic fairly well. Full-year 2020 revenue of $33.05 billion was only down about 9% year-over-year (YOY).  And earnings per share of $2.11 for the full year were virtually identical to the $2.15 the company posted in 2019.

Bullish investors might note that KO stock is up 25% in the last 12 months. But the stock is essentially flat in 2021 and 12% below its pre-pandemic high. It seems likely that Coca-Cola can make up that gap as live entertainment and sporting events begin to reopen.

The company is also in the process of getting leaner in terms of its brand portfolio. Management expects to cut the number of brands from 400 to 200. This will allow the company to put more emphasis on its core brands which should result in better earnings and free cash flow (FCF).

In addition to anticipation of higher revenues and earnings, Coca-Cola is part of the exclusive Dividend King club having delivered 59 consecutive years of dividend growth. Over the last three years, the quarterly dividend has grown over 10% and now pays $1.68 per share for the full year.

About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. Read More 

Current Price: $54.51
Consensus Rating: Buy
Ratings Breakdown: 8 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
Consensus Price Target: $58.17 (6.7% Upside)

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. You can opt out at any time.