The Coca-Cola Company (NYSE:KO) saw a downside of -0.85% to close Monday at $60.43 after subtracting -$0.52 on the day. The 5-day average trading volume is 9,633,040 shares of the company’s common stock. It has gained $61.08 in the past week and touched a new high 3 times within the past 5 days. An average of 9,983,685 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,462,204.
KO’s 1-month performance is -3.22% or -$2.01 on its low of $60.32 reached on 08/21/23. The company’s shares have touched a 52-week low of $54.01 and high of $65.47, with the stock’s rally to the 52-week high happening on 04/24/23. YTD, KO has lost -5.00% or -$3.18 and has reached a new high 7 times. However, the current price is down -7.70% from the 52-week high price.
Insider Transactions
KO stock investors last saw insider trading activity on Aug 10.Douglas Monica Howard (SVP & General Counsel) most recently sold 21,074 shares at $60.90 per share on Aug 10. This transaction cost the insider $1,283,449. President and CFO, MURPHY JOHN, sold 156,290 shares at a price of $62.10 on Aug 02. Then, on Jul 27, Senior Vice President Perez Beatriz R sold 50,000 shares at a price of $62.66 per share. This transaction amounted to $3,132,800.
Valuation Metrics
KO stock has a beta of 0.54. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.89 while the price-to-book (PB) in the most recent quarter is 10.05, with the price to cash flow ratio at 27.39.
The Coca-Cola Company’s quick ratio for the period ended June 29 was 1.00, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending June 29 was 1.37, while the total debt to equity was 1.60. In terms of profitability, the gross margin trailing 12 months is 58.50%. The trailing 12-month EBITDA margin is 30.84% while for the period ending June 29, The Coca-Cola Company’s operating margin was 26.10%. The firm’s gross profit as reported stood at $25.0 billion against revenue of $43.0 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 25.21% to $2.55 billion, while revenue of $3.11 billion was -21.99% off the previous quarter. Analysts expected KO to announce $0.66 per share in earnings in its latest quarter, but it posted $0.72, representing a 9.10% surprise. EBITDA for the quarter stood at more than $2.68 billion. KO stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 70.9 billion, with total debt at $43.19 billion. Shareholders hold equity totaling $4.32 billion.
Let’s look briefly at The Coca-Cola Company (KO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 38.93% to suggest the stock is trending Neutral, with historical volatility in this time period at 7.40%.
The stock’s 5-day moving average is $60.59, reflecting a -0.74% or -$0.45 change from its current price. KO is currently trading -3.25% above its 20-day SMA, -1.61% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +0.10% and SMA200 by+1.32%.
Stochastic %K and %D was 13.95% and 11.37% and the average true range (ATR) pointed at 0.69. The RSI (14) points at 42.35%, while the 14-day stochastic is at 4.83% with the period’s ATR at 0.72. The stock’s 9-day MACD Oscillator is pointing at -0.11 and -0.29 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for The Coca-Cola Company (NYSE: KO), JP Morgan reiterated its an Overweight rating for the company but lifted their price target by $68 to $67. Analysts offering their rating for KO stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate KO as a “sell,”, while 5 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 5 rates the stock as overweight while 14 have offered a “buy” rating.
What is KO’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $63.00 and a high of $76.00, with their median price target at $70.50. Looking at these predictions, the average price target given by analysts is for The Coca-Cola Company (KO) stock is $70.37.
