0933 ET - Coca-Cola's upcoming results will likely reflect a moderating consumption environment in the U.S., JPMorgan analysts say in a research note as they cut their 1Q estimates slightly. The beverage maker is a crowded long stock that is not immune to tariffs and macro headwinds, but it is a relatively more defensive stock, the analysts say. The U.S. represents only 17% of Coca-Cola's systemwide volumes, the analysts note. "We believe Coca-Cola can sustain its relative premium to peers given its defensive nature, geographic diversification, limited direct tariff impact, and ability to navigate dynamic operating environments," the analysts say. (sabela.ojea@wsj.com; @sabelaojeaguix)

(END) Dow Jones Newswires

April 21, 2025 09:34 ET (13:34 GMT)

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