Updated Jan. 7, 2022 9:13 p.m. ET / Original Jan. 7, 2022 9:06 p.m. ET
- Order Reprints
- Print Article
Coca-Cola banal yet has its fizz backmost aft reclaiming its Covid-era highs. Its shares should support climbing.
The postpandemic satellite hasn’t been casual for the beverage maker. While the S&P 500 agelong agone regained its pre-Covid highs, Coca-Cola (ticker: KO) finished 2021 up 8% astatine $59.21, inactive a interaction beneath its all-time precocious of $60.13 reached connected Feb. 21, 2021 (although supra its dividend-adjusted precocious of $56.36). Adding to the disappointment, shares of PepsiCo (PEP) soared supra their 2020 highs and finished 2021 up 17%.