Coca-Cola Co (NYSE:KO) shares traded -0.49% lower at $52.88 on Wall Street last session.
In accordance with the data, 25 analysts cover Coca-Cola Co (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 $60.00, we find $70.00. Given the previous closing price of $53.14, this indicates a potential upside of 31.73 percent. KO stock price is now -10.36% away from the 50-day moving average and -13.10% away from the 200-day moving average. The market capitalization of the company currently stands at $228.67B.
It has been rated a hold by 6 analysts and a buy by 14. Brokers who have rated the stock have averaged $69.57 as their price target over the next twelve months.
With the price target reduced from $68 to $67, JP Morgan maintained Overweight rating for Coca-Cola Co (NYSE: KO).
In other news, Quincey James, Chairman and CEO sold 92,029 shares of the company’s stock on Sep 18. The stock was sold for $5,346,324 at an average price of $58.09. Upon completion of the transaction, the Chairman and CEO now directly owns 442,546 shares in the company, valued at $23.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, SVP & General Counsel Douglas Monica Howard sold 21,074 shares of the business’s stock. A total of $1,283,449 was realized by selling the stock at an average price of $60.90. This leaves the insider owning 18,360 shares of the company worth $0.97 million. Insiders disposed of 3,225,570 shares of company stock worth roughly $170.57 million over the past 1 year. A total of 0.63% 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 Coca-Cola Co shares was purchased by CAPITAL WEALTH PLANNING, LLC during the first quarter worth $142,096,000. UNISUPER MANAGEMENT PTY LTD invested $52,455,000 in shares of KO during the first quarter. In the first quarter, UNITED SUPER PTY LTD IN ITS CAPACITY AS TRUSTEE FOR THE CONS acquired a new stake in Coca-Cola Co valued at approximately $32,277,000. PFW ADVISORS LLC acquired a new stake in KO for approximately $25,644,000. GRAHAM CAPITAL MANAGEMENT, L.P. purchased a new stake in KO valued at around $22,608,000 in the second quarter. In total, there are 3,670 active investors with 71.92% ownership of the company’s stock.
Coca-Cola Co (NYSE: KO) opened at $52.96 on Monday. During the past 12 months, Coca-Cola Co has had a low of $51.55 and a high of $64.99. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 1.14, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $254.60B, which is based on a 21.86 price-to-earnings ratio, a 3.42 price-to-earnings-growth ratio, and a beta of 0.60. The fifty day moving average price for KO is $58.80 and a two-hundred day moving average price translates $60.80 for the stock.
The latest earnings results from Coca-Cola Co (NYSE: KO) was released for Jun, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.78, beating analysts’ expectations of $0.72 by 0.06. This compares to $0.44 EPS in the same period last year. The net profit margin was 23.92% and return on equity was 42.88% 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 $11.47B 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 $1.78 dividend and a 3.36% 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 80.23%.
