As of Friday close, The Coca-Cola Company’s (NYSE:KO) stock was down -$0.93, moving down -1.51 percent to $60.71. The average number of shares traded per day over the past five days has been 10,665,420 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.77 fall in that time frame. In the last twenty days, the average volume was 12,123,235, while in the previous 50 days, it was 14,533,830.
Since last month, KO stock rose 0.25%. Shares of the company fell to $58.84 on 07/11/23, the lowest level in the past month. A 52-week high of $65.47 was reached on 04/24/23 after having rallying from a 52-week low of $54.01. Since the beginning of this year, KO’s stock price has dropped by -4.56% or -$2.90, and marked a new high 7 times. However, the stock has declined by -7.27% since its 52-week high.
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KO stock investors should be aware that The Coca-Cola Company (KO) stock had its last reported insider trading activity 3 days ago on Aug 02. MURPHY JOHN, the President and CFO of the company, disposed of 156,290 shares for $62.10 on Aug 02. It resulted in a $9,705,328 divestment by the insider. Perez Beatriz R sold 50,000 shares at an average price of $62.66 on Jul 27. The insider now owns 143,383 shares following the transaction. On May 12, President International Dev. Braun Henrique sold 16,950 shares at $64.03 apiece. The transaction was valued at $1,085,315.
Valuation Metrics
Right now, The Coca-Cola Company (KO) has a P/E ratio of about 25.10. The stock’s beta is 0.54. Besides these, the trailing price-to-sales (P/S) ratio of 5.94, the price-to-book (PB) ratio of 10.10, and the price-to-cash flow ratio of 72.99 may also be considered.
The latest dividend of $0.46 per share was paid out, remained unchanged from last year’s $0.46.
Financial Health
In the three months ended June 29, The Coca-Cola Company’s quick ratio stood at 1.00, while its current ratio was 1.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.37, and the total debt-to-equity ratio was 1.60. On the profitability front, the trailing twelve-month gross margin is 58.50% percent. In the year ended June 29, EBITDA margin amounted to 30.84%, whereas operating margins totaled 26.10%. Based on annual data, KO earned $25.0 billion in gross profit and brought in $43.0 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 14.00%. Return on equity (ROE) for the past 12 months was 42.80%.
In The Coca-Cola Company’s quarter-end financial report for June 29, it reported total debt of $35.63 billion against cash and short-term investments of $3.13 billion. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. KO’s revenue rose 5.4% to $10.98 billion during the quarter, while net income inched up to $11.97 billion. While analysts expected The Coca-Cola Company to report $0.72 quarterly earnings, the actual figure was $0.78 per share, beating the consensus estimate by 8.30%. During the quarter, the company generated $2.68 billion in EBITDA. The liabilities of The Coca-Cola Company were 70.9 billion at the end of its most recent quarter ended June 29, and its total debt was $43.19 billion. The value of shareholders’ equity is $4.32 billion.
Technical Picture
This quick technical analysis looks at The Coca-Cola Company’s (KO) price momentum. With a historical volatility rate of 11.93%, the RSI 9-day stood at 36.48% on 04 August.
With respect to its five-day moving average, the current The Coca-Cola Company price is down by -2.83% percent or -$1.77. At present, KO shares trade +1.59% above its 20-day simple moving average and +1.50% percent above its 100-day simple moving average. However, the stock is currently trading approximately -1.12% below its SMA50 and +9.01% above its SMA200.
Stochastic coefficient K was 37.50% and Stochastic coefficient D was 49.71%, while ATR was 0.83. Given the Stochastic reading of 10.51% for the 14-day period, the RSI (14) reading has been calculated as 42.67%. As of today, the MACD Oscillator reading stands at -0.59, while the 14-day reading stands at -0.54.
Analyst Ratings
JP Morgan reiterated its an Overweight rating on The Coca-Cola Company (NYSE: KO) in a note to investors. The analysts firm has however raised their price target to $67, representing a possible 10.72% increase in the stock price. The Coca-Cola Company (KO) has been rated Overweight by analysts. According to 0 brokerage firms, KO is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 6 analysts rate The Coca-Cola Company stock as buy, with 13 recommending it as overweight.
With a median target price of $71.00, the current consensus forecast for the stock is $63.00 – $76.00. Based on these forecasts, analysts predict The Coca-Cola Company (KO) will achieve an average price target of $70.40.
