Does Coca-Cola Co (NYSE:KO) warrant a purchase right now? What to Consider Before Making a Decision

Coca-Cola Co (NYSE:KO) shares traded 0.41% higher at $56.97 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 $74.00 and a low of $59.00, we find $65.00. Given the previous closing price of $56.74, this indicates a potential upside of 14.56 percent. KO stock price is now 0.79% away from the 50-day moving average and -5.17% away from the 200-day moving average. The market capitalization of the company currently stands at $246.30B.

It has been rated a hold by 4 analysts and a buy by 15. Brokers who have rated the stock have averaged $64.32 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, Perez Beatriz R, Senior Vice President sold 20,534 shares of the company’s stock on Oct 26. The stock was sold for $1,152,292 at an average price of $56.12. Upon completion of the transaction, the Senior Vice President now directly owns 143,383 shares in the company, valued at $8.17 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 17, Chairman and CEO Quincey James sold 92,029 shares of the business’s stock. A total of $4,956,489 was realized by selling the stock at an average price of $53.86. This leaves the insider owning 442,546 shares of the company worth $25.21 million. Insiders disposed of 3,225,570 shares of company stock worth roughly $183.76 million over the past 1 year. A total of 0.63% of the company’s stock is owned by insiders.

Coca-Cola Co (NYSE: KO) opened at $56.78 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 1.53, a current ratio of 1.14, and a quick ratio of 0.97. According to the stock market information, the enterprise value for the company is $271.04B, which is based on a 22.97 price-to-earnings ratio, a 3.73 price-to-earnings-growth ratio, and a beta of 0.59. The fifty day moving average price for KO is $56.52 and a two-hundred day moving average price translates $60.08 for the stock.

The latest earnings results from Coca-Cola Co (NYSE: KO) was released for Sep, 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 $0.65 EPS in the same period last year. The net profit margin was 24.08% and return on equity was 43.85% for KO. The company reported revenue of $11.95 billion for the quarter, compared to $11.06 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.04 percent. For the current quarter, analysts expect KO to generate $10.79B in revenue.

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.

Related Posts