The Coca-Cola Company (NYSE:KO) is one of the Most Undervalued High Quality Stocks to Buy According to Hedge Funds. On July 8, Nik Modi from RBC Capital maintained a Buy rating on The Coca-Cola Company (NYSE:KO) with a price target of $76.
The bullish sentiment comes as the company gets close to releasing its second-quarter 2025 earnings results. During the fiscal first quarter of 2025, The Coca-Cola Company grew its Global Unit Case Volume by 2% year-over-year. However, the net revenues declined 2% during the same time due to currency headwinds and the impact of re-franchising the bottling operations.
A row of factory workers assembling bottles of sparkling soft drinks on a conveyor belt.
The company also provided a full-year and Q2 outlook. Management expects full-year organic revenue to grow between 5% to 6%. Whereas the currency headwinds are expected to continue in Q2, as management expects comparable net revenues to include an approximate 3% currency headwind.
The Coca-Cola Company is a global beverage company that produces and sells a wide range of drinks.
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This article is originally published at Insider Monkey.
