As of Thursday close, The Coca-Cola Company’s (NYSE:KO) stock was up $0.13, moving up 0.21 percent to $60.61. The average number of shares traded per day over the past five days has been 8,818,620 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.31 fall in that time frame. In the last twenty days, the average volume was 10,150,380, while in the previous 50 days, it was 12,715,716.
Since last month, KO stock retreated -1.67%. Shares of the company fell to $60.37 on 08/15/23, 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 -4.72% or -$3.00, and marked a new high 7 times. However, the stock has declined by -7.42% since its 52-week high.
KO stock investors should be aware that The Coca-Cola Company (KO) stock had its last reported insider trading activity 8 days ago on Aug 10. Douglas Monica Howard, the SVP & General Counsel of the company, disposed of 21,074 shares for $60.90 on Aug 10. It resulted in a $1,283,449 divestment by the insider. MURPHY JOHN sold 156,290 shares at an average price of $62.10 on Aug 02. The insider now owns 228,830 shares following the transaction. On Jul 27, Senior Vice President Perez Beatriz R sold 50,000 shares at $62.66 apiece. The transaction was valued at $3,132,800.
Valuation Metrics
Right now, The Coca-Cola Company (KO) has a P/E ratio of about 25.06. The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 5.91, the price-to-book (PB) ratio of 10.08, and the price-to-cash flow ratio of 27.51 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 7.13%, the RSI 9-day stood at 39.81% on 17 August.
With respect to its five-day moving average, the current The Coca-Cola Company price is down by -0.51% percent or -$0.31. At present, KO shares trade -2.85% below its 20-day simple moving average and -0.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately +0.50% above its SMA50 and -0.25% below its SMA200.
Stochastic coefficient K was 6.29% and Stochastic coefficient D was 7.87%, while ATR was 0.70. Given the Stochastic reading of 10.84% for the 14-day period, the RSI (14) reading has been calculated as 43.35%. As of today, the MACD Oscillator reading stands at -0.34, while the 14-day reading stands at -0.60.
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 10.87% 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 5 analysts rate The Coca-Cola Company stock as buy, with 14 recommending it as overweight.
With a median target price of $70.50, 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 $70.37.
