Why Hedge Funds Consider The Coca-Cola Company (KO) One of the Best Coffee Stocks to Buy? [Yahoo! Finance]
Coca-Cola Company (The) (KO)
Last coca-cola company (the) earnings: 4/21 05:55 am
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Source: Yahoo! Finance
The Coca-Cola Company (NYSE:KO) stands against the other best coffee stocks to buy according to hedge funds. According to a report by Mordor Intelligence, the global coffee market size is estimated at $132.13 billion in 2024 and is expected to grow to $166.39 billion by 2029, growing at a compound annual growth rate of 4.72% during the forecast period. Over the last 2 years, coffee prices have hit multi-year peaks. Reuters reports that global coffee prices have risen to their highest in nearly 50 years. This has been the result of poor weather in Brazil and Vietnam. Brazil produces almost half the world's high-end beans used primarily in roast and ground blends. The country has been the victim of one of its worst droughts on record this year. While rains did come in the month of October, they might have been too late. According to farmers and agronomists, the coffee trees are unable to recover for the 2025 crop. The next crop is not expected to be big. It is believed that coffee t
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KO
Earnings
- 10/23/24 - Beat
KO
Sec Filings
- 12/16/24 - Form 8-K
- 12/11/24 - Form 8-K
- 11/27/24 - Form 144
- KO's page on the SEC website