In yesterday’s Wall Street session, Coca-Cola Co (NYSE:KO) shares traded at $54.08, down -0.90% from the previous session.
25 analysts cover Coca-Cola Co (NYSE:KO), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $75.00 and a low of $59.00, we find $66.50. Given the previous closing price of $54.57, this indicates a potential upside of 21.86 percent. KO stock price is now -5.84% away from the 50-day moving average and -10.40% away from the 200-day moving average. The market capitalization of the company currently stands at $233.86B.
The stock has received a hold rating from 6 analysts and a buy rating from 14. Brokers who have rated the stock have averaged $65.97 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 Oct 17. The stock was sold for $4,956,489 at an average price of $53.86. Upon completion of the transaction, the Chairman and CEO now directly owns 442,546 shares in the company, valued at $23.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 18, Chairman and CEO Quincey James sold 92,029 shares of the business’s stock. A total of $5,346,324 was realized by selling the stock at an average price of $58.09. This leaves the insider owning 442,546 shares of the company worth $23.93 million. Insiders disposed of 3,225,570 shares of company stock worth roughly $174.44 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 $145,321,000. UNISUPER MANAGEMENT PTY LTD invested $53,645,000 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 $33,009,000. GRAHAM CAPITAL MANAGEMENT, L.P. acquired a new stake in KO for approximately $23,121,000. EXODUSPOINT CAPITAL MANAGEMENT, LP purchased a new stake in KO valued at around $18,776,000 in the second quarter. In total, there are 3,670 active investors with 71.92% ownership of the company’s stock.
On Monday morning Coca-Cola Co (NYSE: KO) stock kicked off with the opening price of $54.38. 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 $261.91B, which is based on a 22.36 price-to-earnings ratio, a 3.66 price-to-earnings-growth ratio, and a beta of 0.60. The fifty day moving average price for KO is $57.29 and a two-hundred day moving average price translates $60.32 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 $10.79B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/15/2023. Investors who held shares on 12/01/2023 were paid a $0.46 dividend. On an annualized basis, this represents a $1.78 dividend and a 3.28% percent yield. There was an ex-dividend date of 11/30/2023 for this dividend. In terms of dividend payout ratio, KO is presently at 80.23%.
Coca-Cola Co(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.
