Could Coca-Cola Issue a Stock Split If It Hits $100 Per Share?
Coke's stock price just crossed an important level that coincided with its last stock split 14 years ago.
Overview
It's been a great year for Coca-Cola (NYSE: KO) investors. As of market close on July 9, the stock is up 18.2% year-to-date (YTD) -- outperforming the Nasdaq-100 and S&P 500 (SNPINDEX: ^GSPC), while its peer, PepsiCo, is down 4% YTD.
Coke reached a new all-time intraday high of $85.68 on July 7. With the stock up over 50% in the last five years, some investors may be wondering if Coke is well on its way to surpassing $100 a share and issuing a stock split.
Details
Here's what's driving Coke to new highs, if a stock split could be in the cards in 2026, and if the blue chip dividend stock is a buy now.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.