Coca-Cola Co (NYSE:KO) shares traded 0.42% higher at $60.13 on Wall Street last session.
KO stock price is now 0.24% away from the 50-day moving average and 1.81% away from the 200-day moving average. The market capitalization of the company currently stands at $259.31B.
With the price target enhanced from $67 to $68, Citigroup maintained Buy rating for Coca-Cola Co (NYSE: KO). On November 13, 2023, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $64, while ‘JP Morgan’ rates the stock as ‘Overweight’
In other news, QUAN NANCY, Executive Vice President sold 57,368 shares of the company’s stock on Mar 13 ’24. The stock was sold for $3,492,111 at an average price of $60.87. Upon completion of the transaction, the Executive Vice President now directly owns 223,330 shares in the company, valued at $13.43 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 04 ’24, President, Latin America OU Pietracci Bruno sold 18,551 shares of the business’s stock. A total of $1,102,208 was realized by selling the stock at an average price of $59.41. A total of 0.64% of the company’s stock is owned by insiders.
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 1.67, a current ratio of 1.13, and a quick ratio of 0.95. According to the stock market information, the enterprise value for the company is $287.71B, which is based on a 24.35 price-to-earnings ratio, a 3.92 price-to-earnings-growth ratio, and a beta of 0.59. The fifty day moving average price for KO is $59.99 and a two-hundred day moving average price translates $59.06 for the stock.
The latest earnings results from Coca-Cola Co (NYSE: KO) was released for Dec, 2023. According to the Beverages – Non-Alcoholic Company, earnings per share came in at $0.45, inline with analysts’ expectations of $0.45. This compares to $0.47 EPS in the same period last year. The net profit margin was 23.36% and return on equity was 42.82% for KO. The company reported revenue of $10.85 billion for the quarter, compared to $10.12 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.15 percent. For the current quarter, analysts expect KO to generate $10.16B 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, caffeine free 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.
