The stock of The Coca-Cola Company (NYSE:KO) last traded at $62.08, up 1.54% from the previous session.
Data from the available sources indicates that The Coca-Cola Company (NYSE:KO) is covered by 26 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $76.00 and a low of $59.00, we find $66.00. Given the previous closing price of $61.14, this indicates a potential upside of 7.95 percent. KO stock price is now 6.54% away from the 50-day moving average and 0.82% away from the 200-day moving average. The market capitalization of the company currently stands at $266.58B.
In total, 7 analysts have assigned it a hold rating, and 14 have given it a buy rating. Brokers who have rated the stock have averaged $66.20 as their price target over the next twelve months.
With the price target reduced from $65 to $59, Deutsche Bank maintained Hold rating for The Coca-Cola Company (NYSE: KO). On October 11, 2022, Jefferies reiterated its ‘Hold’ rating on the stock by increasing its target price from $66 to quote $59, while ‘Wolfe Research’ rates the stock as ‘Outperform’.
In other news, RANDAZZA MARK, Principal Accounting Officer sold 42,068 shares of the company’s stock on Nov 11. The stock was sold for $2,560,322 at an average price of $60.86. Upon completion of the transaction, the Principal Accounting Officer now directly owns 40,146 shares in the company, valued at $2.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 28, Director Allen Herbert A III bought 33,200 shares of the business’s stock. A total of $1,997,953 was incurred on buying the stock at an average price of $60.18. This leaves the insider owning 99,054 shares of the company worth $6.15 million. Insiders disposed of 1,395,574 shares of company stock worth roughly $86.64 million over the past 1 year. A total of 0.66% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KO stock. A new stake in The Coca-Cola Company shares was purchased by TWO SIGMA INVESTMENTS, LP during the first quarter worth $188,211,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $154,770,000 in shares of KO during the first quarter. In the first quarter, GUINNESS ASSET MANAGEMENT LTD acquired a new stake in The Coca-Cola Company valued at approximately $104,651,000. AMALGAMATED FINANCIAL CORP. acquired a new stake in KO for approximately $62,909,000. WORLDQUANT MILLENNIUM ADVISORS LLC purchased a new stake in KO valued at around $51,719,000 in the second quarter. In total, there are 3,487 active investors with 71.50% ownership of the company’s stock.
With an opening price of $61.41 on Monday morning, The Coca-Cola Company (NYSE: KO) set off the trading day. During the past 12 months, The Coca-Cola Company has had a low of $52.28 and a high of $67.20. As of last week, the company has a debt-to-equity ratio of 1.74, a current ratio of 1.10, and a quick ratio of 1.00. The fifty day moving average price for KO is $58.27 and a two-hundred day moving average price translates $61.58 for the stock.
The latest earnings results from The Coca-Cola Company (NYSE: KO) was released for Sep, 2022. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.69, beating analysts’ expectations of $0.64 by 0.05. This compares to $0.57 EPS in the same period last year. The net profit margin was 23.40% and return on equity was 42.40% for KO. The company reported revenue of $11.06 billion for the quarter, compared to $10.04 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.17 percent. For the current quarter, analysts expect KO to generate $9.92B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/03/2022. Investors who held shares on 09/16/2022 were paid a $0.44 dividend. On an annualized basis, this represents a $1.76 dividend and a 2.84% percent yield. There was an ex-dividend date of 09/15/2022 for this dividend. In terms of dividend payout ratio, KO is presently at 75.00%.
The Coca-Cola Company(KO) Company Profile
The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plantbased beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores. The company sells its products under the Coca-Cola, Diet Coke/Coca-Cola Light, Coca-Cola Zero Sugar, Fanta, Fresca, Schweppes, Sprite, Thums Up, Aquarius, Ciel, dogadan, Dasani, glacéau smartwater, glacéau vitaminwater, Ice Dew, I LOHAS, Powerade, Topo Chico, AdeS, Del Valle, fairlife, innocent, Minute Maid, Minute Maid Pulpy, Simply, Ayataka, BODYARMOR, Costa, FUZE TEA, Georgia, and Gold Peak brands. It operates through a network of independent bottling partners, distributors, wholesalers, and retailers, as well as through bottling and distribution operators. The company was founded in 1886 and is headquartered in Atlanta, Georgia.