The Coca-Cola Company’s analysts’ sentiment has been strong and the rising price target indicates a growing interest in the stock. The firm’s latest results and outlook favor sustainable growth and dividends, but did not provide a catalyst for higher share prices.
However, analysts and institutions are expected to support the price action, with Goldman Sachs and UBS pegging the stock at Neutral and Buy, respectively. The stock is highly valued due to the company’s 60-year history of distribution increases, a 2.9% yield, and 70% payout ratio.
While the stock may consolidate within a range for the next year, its dividend is reliable and attractive to investors.