Almost half of Coca-Cola's pre-pandemic revenue came from selling products at sporting events, movie theaters, restaurants, concerts and other social events, and the pandemic and restrictions have dealt a huge blow to Coca Cola. There was a slight improvement in the third quarter as restrictions were eased in many places and the situation began to recover. However, in the 4th quarter, bans were again introduced.
Taking into account the decrease in the incidence, mass vaccinations, in the second quarter of 2021 all public places will be open, and the deferred demand for the company's products throughout the year.
I believe Coca-Cola is a solid company with an above average dividend yield covered. The fair value, which after the removal of all restrictions, will be $ 60 by the end of the year.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.