Coca Cola stock, live, through the tokenised share

Signals, right now

The company sells concentrate, not drinks

Coca-Cola largely makes and sells syrup to bottlers who do the capital-intensive work of bottling and distribution. That structure is the reason its margins look nothing like a beverage manufacturer's and why it is often described as a brand licensing business. Comparisons to companies that actually make the product are comparing different economics.

Currency moves a lot of the reported number

Most sales are outside the United States while reporting is in dollars, so a strong dollar reduces reported revenue with no change in how much anyone drank. The company reports an organic figure to strip this out, and the gap between the two is often the entire explanation for a quarter that looked weak. Nothing on this page separates the two effects.

A dividend record measured in decades, which this token does not deliver

This share is held very widely for an uninterrupted and rising dividend. A backed token generally does not pass dividends through unless the issuer's terms provide for it, which removes the main reason most holders own it. Read those terms before treating the two as interchangeable.

The part we cannot verify

We read the token's price, its traded volume and the value of tokens in issue. We do not audit the custody behind it. The price was checked against the exchange's last close when this page was built and agreed to within two percent, consistent with the token trading on past that close. For the official price, use the exchange or a broker.