Before Investing In Coca-Cola Co (NYSE:KO), Here Are Some Things To Consider

Coca-Cola Co (NYSE:KO) shares traded 0.37% higher at $56.93 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 $56.72, this indicates a potential upside of 14.6 percent. KO stock price is now 1.33% away from the 50-day moving average and -5.09% away from the 200-day moving average. The market capitalization of the company currently stands at $246.13B.

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It has been rated a hold by 5 analysts and a buy by 15. Brokers who have rated the stock have averaged $64.30 as their price target over the next twelve months.

With the price target of $64, Jefferies recently initiated with Hold 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 $8.16 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 $25.19 million. Insiders disposed of 3,142,036 shares of company stock worth roughly $178.88 million over the past 1 year. A total of 0.65% of the company’s stock is owned by insiders.

Coca-Cola Co (NYSE: KO) opened at $56.62 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 $269.96B, which is based on a 22.95 price-to-earnings ratio, a 3.72 price-to-earnings-growth ratio, and a beta of 0.58. The fifty day moving average price for KO is $56.18 and a two-hundred day moving average price translates $59.99 for the stock.

The latest earnings results from Coca-Cola Co (NYSE: KO) was released for Sep, 2023. 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.

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