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The stock’s price has rallied 4.2% over the past month and 12.8% over the past six months to close yesterday’s trading session at $56.73. Amid a resurgence of COVID-19 cases in many parts of the world, KO’s CFO said last month that the company would rely on its pandemic-tested strategy of focusing on bigger brands and doubling down on its supply chain to combat a potential impact from the spread of the COVID-19 Delta variant. Furthermore, the dividend aristocrat is expected to pay a $0.42 quarterly dividend on October 1, 2021. So, KO’s near-term prospects look promising.
Here’s what we think could influence KO’s performance in the near term:
