Powerade, Lift Apple Schorle, Vio, Apollinaris, Aquarius, Fanta or Sprite. Surely you have already had one of these drinks. The mentioned brands all have something in common, they belong to Coca-Cola’s range. Now the brand giant has released new numbers. Is the Coca-Cola stock still enjoyable after the new quarterly figures?

Coca-Cola increases sales and profits For the third quarter, the company reported revenues of $11.95 billion compared to $11.06 billion the year before. Net income was $3.08 billion compared to $2.82 billion the year before. Earnings per share from continuing operations amounted to $0.71 compared to $0.65 a year earlier.

Stable demand and increased prices lead to a good half year In the first nine months, revenues amounted to $34.9 billion compared to $32.87 billion the year before. Net income amounted to $8.74 billion compared to $7.51 billion the year before. The diluted earnings per share from continuing operations amounted to $2.02 compared to $1.74 a year earlier. The American beverage giant was also able to improve in the nine-month comparison.

Coca-Cola raises annual forecast The company now expects organic sales growth of 10% to 11% for the full year compared to its previous forecast of an increase of 8% to 9%. This again shows that Coca-Cola is doing solid business despite war and crisis.

Strong 5-year upward trend Conclusion: The numbers reported by the beverage giant are pleasing. The mood among analysts is also positive. A total of 17 out of 22 analysts recommend buying and 5 recommend holding. This year, the consumer stock is hanging a bit in the air technically, but the 5-year upward trend is impeccable. The average analyst target price of $64. The highest price target offers you a potential of over 33%. With a dividend yield of 2.97%, your patience as an investor will be sweetened – just like the drinks from Coca-Cola.