In yesterday’s Wall Street session, The Coca-Cola Company (NYSE:KO) shares traded at $60.71, down -1.51% from the previous session.
As of this writing, 24 analysts cover The Coca-Cola Company (NYSE:KO). 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 $63.00, we find $71.00. Given the previous closing price of $61.64, this indicates a potential upside of 15.18 percent. KO stock price is now -0.43% away from the 50-day moving average and -1.04% away from the 200-day moving average. The market capitalization of the company currently stands at $266.55B.
There are 5 analysts who have given it a hold rating, whereas 13 have given it a buy rating. Brokers who have rated the stock have averaged $70.40 as their price target over the next twelve months.
With the price target reduced from $68 to $67, JP Morgan maintained Overweight rating for The Coca-Cola Company (NYSE: KO).
In other news, MURPHY JOHN, President and CFO sold 156,290 shares of the company’s stock on Aug 02. The stock was sold for $9,705,328 at an average price of $62.10. Upon completion of the transaction, the President and CFO now directly owns 228,830 shares in the company, valued at $13.89 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 27, Senior Vice President Perez Beatriz R sold 50,000 shares of the business’s stock. A total of $3,132,800 was realized by selling the stock at an average price of $62.66. This leaves the insider owning 143,383 shares of the company worth $8.7 million. Insiders disposed of 2,917,495 shares of company stock worth roughly $177.12 million over the past 1 year. A total of 0.67% 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 BLS CAPITAL FONDSMAEGLERSELSKAB A/S during the first quarter worth $182,241,000. CAPITAL WEALTH PLANNING, LLC invested $163,136,000 in shares of KO during the first quarter. In the first quarter, PORTSIDE WEALTH GROUP, LLC acquired a new stake in The Coca-Cola Company valued at approximately $132,072,000. HOLOCENE ADVISORS, LP acquired a new stake in KO for approximately $94,444,000. EMPOWER ADVISORY GROUP, LLC purchased a new stake in KO valued at around $88,694,000 in the second quarter. In total, there are 3,670 active investors with 71.50% ownership of the company’s stock.
Friday morning saw The Coca-Cola Company (NYSE: KO) opened at $61.68. During the past 12 months, The Coca-Cola Company has had a low of $54.01 and a high of $65.47. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 1.10, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $293.05B, which is based on a 25.10 price-to-earnings ratio, a 3.93 price-to-earnings-growth ratio, and a beta of 0.54. The fifty day moving average price for KO is $60.96 and a two-hundred day moving average price translates $61.38 for the stock.
The latest earnings results from The Coca-Cola Company (NYSE: KO) was released for Jun, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.71, beating analysts’ expectations of $0.65 by 0.06. This compares to $0.44 EPS in the same period last year. The net profit margin was 23.80% and return on equity was 42.80% for KO. The company reported revenue of $11.97 billion for the quarter, compared to $11.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.71 percent. For the current quarter, analysts expect KO to generate $10.4B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/02/2023. Investors who held shares on 09/15/2023 were paid a $0.46 dividend. On an annualized basis, this represents a $1.84 dividend and a 3.03% percent yield. There was an ex-dividend date of 09/14/2023 for this dividend. In terms of dividend payout ratio, KO is presently at 73.30%.
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, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. 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, Diet Coke, Cherry Coke, Fanta Orange, Fanta Zero Orange, Fanta Zero Sugar, Fanta Apple, Sprite, Sprite Zero Sugar, Simply Orange, Simply Apple, Simply Grapefruit, Fresca, Schweppes, Thums Up, Aquarius, Ayataka, BODYARMOR, Ciel, Costa, Dasani, dogadan, FUZE TEA, Georgia, glacéau smartwater, glacéau vitaminwater, Gold Peak, Ice Dew, I LOHAS, Powerade, Topo Chico, AdeS, Del Valle, fairlife, innocent, Minute Maid, and Minute Maid Pulpy 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.
