The stock of The Coca-Cola Company (NYSE:KO) decreased by -$0.29 on Monday to finish at $60.88, down -0.47 percent. The last five days have seen an average of 7,878,080 shares of common stock traded. 7 times new highs were reached in the current year, with a fall of -$2.73. The average number of shares traded over the last 20 days was 10,511,325, while the average volume over the last 50 days totaled 12,929,434.
KO stock dropped -0.03% since last month. On 07/18/23, the company’s shares reached a one-month low of $60.41. The stock touched a high of $65.47 on 04/24/23, after rallying from a low of $54.01 in 52 weeks. The price of KO stock has declined by -4.29% or -$2.73 this year, reaching a new high 7 times. Still, the stock price is down -7.01% from the 52-week high.
Insider Transactions
KO stock investors should be aware that The Coca-Cola Company (KO) stock had its last reported insider trading activity 5 days ago on Aug 10. On Aug 10, SVP & General Counsel Douglas Monica Howard sold 21,074 shares at $60.90 each. This transaction resulted in the insider making $1,283,449. On Aug 02, MURPHY JOHN sold 156,290 shares at a price of US$62.10. After the transaction, the insider now owns 228,830 shares. Senior Vice President Perez Beatriz R had earlier sold 50,000 shares on Jul 27 for $62.66 a share. The transaction was completed for $3,132,800.
Valuation Metrics
The Coca-Cola Company (KO) has a trailing price-to-earnings (P/E) ratio of 25.17. Beta for the stock is 0.54. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 5.94, the price-to-book (PB) ratio of 10.13, and the price-to-cash flow ratio of 27.63.
Company paid $0.46 per share in dividends, remained unchanged from $0.46 last year.
Financial Health
For the three months ended June 29, The Coca-Cola Company’s quick ratio was 1.00, while its current ratio was 1.10, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.37, and the total debt to equity ratio is 1.60. As far as profitability goes, gross margin for the trailing twelve months is 58.50% percent. The Coca-Cola Company’s EBITDA margin for the year ended June 29 was 30.84%, whereas its operating margin stood at 26.10% for the same period. Based on annual data, it had gross profit of $25.0 billion and revenue of $43.0 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KO’s return on assets (ROA) during the last 12 months has been 11.00%. There was a 14.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 42.80%.
Earnings Surprise
According to The Coca-Cola Company’s quarterly financial report for the quarter that ended June 29, it had $35.63 billion in total debt versus $3.13 billion in cash and short-term investments. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $11.97 billion, while revenues rose by 5.4% to $10.98 billion. It was predicted that The Coca-Cola Company’s quarterly earnings would be $0.78, but it ended up being $0.72, beating the consensus by 8.30%. EBITDA was $2.68 billion for the quarter. At the end of The Coca-Cola Company’s most recent quarter ended June 29, its liabilities totaled 70.9 billion, while its total debt was $43.19 billion. Equity owned by shareholders amounts to $4.32 billion.
Technical Picture
Here’s a quick look at The Coca-Cola Company’s (KO) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 41.95%, suggesting the stock is Neutral, with a 10.17% historical volatility rate.
The stochastic %K and %D were 13.99% and 14.45% respectively, while the average true range (ATR) was 0.78. Based on the 14-day stochastic reading of 9.83%, the RSI (14) reading is 45.23%. On the 9-day MACD Oscillator, the stock is at -0.17, and the 14-day reading is at -0.59.
Analyst Ratings
In a note to investors, JP Morgan maintained its an Overweight rating on The Coca-Cola Company (NYSE: KO). However, the firm raised their price target to $67, indicating a possible increase of 10.47% in the stock price. Analysts have assigned The Coca-Cola Company (KO) an Overweight rating. KO is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 6 rates it overweight and 13 others recommend it as a buy.
What is KO’s price target for the next 12 months?
The current consensus forecast for the stock is between $63.00 and $76.00, with a median target price of $71.00. In analyzing these forecasts, the average price target given by analysts for The Coca-Cola Company (KO) is $70.40.
