Coca-Cola, the top-rated dividend stock giant and well-known household consumer staples brand, has seen remarkable turnarounds and recovery recently, with its stock up nearly 8% over the past three months.
The companies Coca Cola, Ford y AT&T, despite belonging to diverse sectors, share a key factor that could translate into strong returns both this week and in the coming weeks, thanks to its solid fundamentals and its adaptation to current global conditions.
Coca Cola– Bullish
Comment: Coca-Cola, the top-rated dividend stock giant and well-known household consumer staples brand, has seen remarkable turnarounds and recovery recently, with its stock up nearly 8% over the past three months.
After falling to new 52-week lows in October last year and breaking below previous significant support near $60, the stock briefly traded below $52 before reversing the lows. Since then, shares have trended higher, reclaiming the important $60 support zone.
It’s crucial to stay tuned this week as the company’s business results are expected. If they are notable or meet expectations, we could see the stock reach the $63.50 area.
Ford Motor – Bullish
Comment: Ford Motor has a 12-month low of $9.63 and a 12-month high of $16.81. The company has a market capitalization of $50.76 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-to-growth ratio of 1.07, and a beta of 1.62. Its quick ratio is 1.03, current ratio is 1.20 and debt-equity ratio reaches 2.33.
Recently, the company announced the payment of a variable dividend, scheduled for Friday, March 1. Investors registered by Friday, February 16 will receive a dividend of $0.33 per share. The ex-dividend date is Thursday, February 15. This translates into a dividend yield of 4.7%, while Ford Motor’s dividend payout ratio is 55.56%.
AT&T – Bullish
Comment:
AT&T has undergone a notable transformation after streamlining its business, focusing on strengthening its core telecommunications sector by modernizing its 5G and fiber networks. This recovery effort has borne fruit, evidenced by the significant increase of 2.9 million postpaid wireless subscribers in 2022 and 1.7 million in 2023. Additionally, the expansion of its fiber business has offset the more moderate growth in its broadband without fiber.
AT&T’s revenue is projected to increase by 1% through 2024 and 2025. While these growth rates may seem modest, they underscore AT&T’s consolidation as a stable investment.
In parallel, AT&T’s free cash flow (FCF) has experienced a notable increase, going from $14.1 billion in 2022 to $16.8 billion in 2023. This figure is expected to continue its rise, projecting between $17 billion and $18 billion. dollars in 2024. This strong FCF growth will easily support its sizeable future dividend yield of 6.6%.
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– 2024-05-06 02:06:13
