Consumer Stocks to Buy: The Coca-Cola Co (KO)
The Coca-Cola Co (NYSE:KO) shares have pushed up and over its 200-day moving average, lifting up and out of a multi-month consolidation range going back to September. KO shares look ready for a run at the early 2016 highs near $45.50, which would be worth a 7% rise from here.
Analysts at RBC recently highlighted encouraging fourth-quarter results, relative to its peers, due to re-franchising, improved marketing and accelerating volumes.
The company will next report results on May 11 before the bell. Analysts are looking for earnings of 44 cents per share on revenues of $8.9 billion.