The Coca-Cola Company (KO), based in Atlanta, Georgia, is the world’s largest non-alcoholic beverage brand. It offers sparkling soft drinks, water, coffee, value-added dairy, plant-based beverages, and more. With a market cap of $292.8 billion, Coca-Cola’s operations span across the globe.
The beverage giant has lagged behind the broader market over the last year. The KO stock has gained 10% over the past 52 weeks trailing behind the S&P 500 Index’s ($SPX) 19% returns over the same time frame. However, However, things are looking up for the stock this year, as KO climbed 15.3% in 2024 compared to $SPX’s 14.2% gains on a YTD basis.
