The Coca-Cola Company (KO) is trading lower at $77.95 (-1.36%) amid broader market volatility and a rotation out of defensive stocks, as investors keenly await the Q4 earnings report scheduled for February 10.
- Analysts project Q4 revenue of $12.05 billion (a 4% YoY increase) and earnings per share (EPS) of $0.56.
- Recent analyst upgrades have set optimistic price targets reaching up to $88.
- The decline comes ahead of the leadership transition, with Henrique Braun set to begin his tenure as CEO on March 31.