Coca-Cola Co
KO: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$54.00 | Nmbw | Xprdmdlnm |
Strong Pricing Drove Solid Q3 for Coca-Cola Despite Headwinds; Shares Fairly Valued
We plan to maintain our $58 fair value estimate on wide-moat Coca-Cola’s shares after wading through third-quarter results which reaffirmed our constructive view on the strength of its beverage portfolio. Shares trade near our valuation, and as such, we think investors should refrain from building a position.