Value gained By The Coca-Cola Company (KO) In The Past Week: $64.65

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The Coca-Cola Company (NYSE:KO) finished Thursday with an addition of $0.38 to close at $63.95, an upside of 0.60 percent. An average of 7,556,120 shares of common stock have been traded in the last five days. There was a gain of $0.15 in the past week, and it reached a new high 21 times over the past 12 months. The last 20 days have seen an average of 11,916,815 shares traded, while the 50-day average volume stands at 13,109,368.

KO stock has increased by 2.35% in the last month. The company shares reached their 1-month lowest point of $61.75 on 11/30/22. With the stock rallying to its 52-week high on 04/25/22, shares of the company touched a low of $54.01 and a high of $67.20 in 52 weeks. It has reached a new high 20 times so far this year and achieved 8.01% or $4.74 in price. In spite of this, the price is down -4.84% from the 52-week high.

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Insider Transactions

KO stock investors should be aware that The Coca-Cola Company (KO) stock had its last reported insider trading activity 14 days ago on Dec 16. In this transaction, the insider spent $5,936,409. SVP & Chief Technical Officer, QUAN NANCY, disposed of 13,746 shares at a price of $61.12 on Nov 18. The insider now owns more than $840,198 worth of shares. Prior to that, Principal Accounting Officer RANDAZZA MARK went on to Sale 42,068 shares at $60.86 each on Nov 11. An amount of $2,560,322 was transacted.

Valuation Metrics

The Coca-Cola Company (KO) has a trailing price-to-earnings (P/E) ratio of 28.04. The stock’s beta is 0.58. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.48, the price-to-book (PB) ratio at 12.13, and the price-to-cash flow ratio at 63.51.

The company has a payout ratio of 75.00%. The company’s most recent quarterly dividend payment was $0.44 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday February 17 2022.

Financial Health

The quick ratio of The Coca-Cola Company for the three months ended September 29 was 1.00, and the current ratio was 1.10, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.56 and a total debt to equity ratio of 1.74 for the quarter ending September 29. Its gross profit as reported stood at $23.3 billion compared to revenue of $38.66 billion.

Earnings Surprise

For the three-month period that ended September 29, The Coca-Cola Company had $3.09 billion in cash and short-term investments compared to $35.46 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $2.83 billion in the quarter, while revenues of $1.91 billion were grew 12.53%. The analyst consensus anticipated The Coca-Cola Company’s latest quarter earnings to come in at $0.64 per share, but it turned out to be $0.69, a 7.80% surprise. For the quarter, EBITDA amounted to $3.4 billion. Shareholders own equity worth $4.32 billion.

Technical Picture

From a technical analysis perspective, let’s take a brief look at The Coca-Cola Company (KO) price momentum. RSI 9-day as of the close on 29 December was 57.81%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.38%.

As of today, KO’s price is $63.78 +0.24% or $0.15 from its 5-day moving average. KO is currently trading +0.53% higher than its 20-day SMA and +1.56% higher than its 100-day SMA. However, the stock’s current price level is +13.31% above the SMA50 and +7.26% above the SMA200.

The stochastic %K and %D were 66.74% and 66.69%, respectively, and the average true range (ATR) was 0.87. With the 14-day stochastic at 68.42% and the average true range at 0.89, the RSI (14) stands at 58.73%. The stock has reached 0.46 on the 9-day MACD Oscillator while the 14-day reading was at 0.39.

Analyst Ratings

Deutsche Bank reiterated its a Hold rating on The Coca-Cola Company (NYSE: KO), but raised their price target to $65, indicating a potential price increase of 1.62% for the stock.

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