The Coca-Cola Company (NYSE:KO) finished Thursday with a subtraction of -$0.16 to close at $60.11, a downside of -0.27 percent. An average of 9,169,780 shares of common stock have been traded in the last five days. There was a fall of -$0.50 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 9,185,260 shares traded, while the 50-day average volume stands at 12,180,516.
KO stock has decreased by -4.66% in the last month. The company shares reached their 1-month lowest point of $59.97 on 08/22/23. With the stock rallying to its 52-week high on 04/24/23, shares of the company touched a low of $54.01 and a high of $64.99 in 52 weeks. It has reached a new high 7 times so far this year and lost -5.50% or -$3.50 in price. In spite of this, the price is down -7.51% 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 15 days ago on Aug 10. In this transaction, the insider spent $1,283,449. President and CFO, MURPHY JOHN, disposed of 156,290 shares at a price of $62.10 on Aug 02. The insider now owns more than $9,705,328 worth of shares. Prior to that, Senior Vice President Perez Beatriz R went on to Sale 50,000 shares at $62.66 each on Jul 27. An amount of $3,132,800 was transacted.
Valuation Metrics
The Coca-Cola Company (KO) has a trailing price-to-earnings (P/E) ratio of 24.85. The stock’s beta is 0.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.86, the price-to-book (PB) ratio at 10.00, and the price-to-cash flow ratio at 27.24.
Financial Health
The quick ratio of The Coca-Cola Company for the three months ended June 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 1.37 and a total debt to equity ratio of 1.60 for the quarter ending June 29. The Coca-Cola Company’s EBITDA margin for the year ending June 29 is 30.84%, while its operating margin for the same period stands at 26.10%. Its gross profit as reported stood at $25.0 billion compared to revenue of $43.0 billion.
Earnings Surprise
For the three-month period that ended June 29, The Coca-Cola Company had $35.63 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $2.55 billion in the quarter, while revenues of $3.11 billion were grew 25.21%. The analyst consensus anticipated The Coca-Cola Company’s latest quarter earnings to come in at $0.72 per share, but it turned out to be $0.78, a 8.30% surprise. For the quarter, EBITDA amounted to $2.68 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 24 August was 36.59%, suggesting the stock is Neutral, with historical volatility in this time frame at 7.32%.
As of today, KO’s price is $60.36 -0.82% or -$0.50 from its 5-day moving average. KO is currently trading -3.73% lower than its 20-day SMA and -3.10% lower than its 100-day SMA. However, the stock’s current price level is -0.56% below the SMA50 and +1.43% above the SMA200.
The stochastic %K and %D were 9.02% and 9.58%, respectively, and the average true range (ATR) was 0.67. With the 14-day stochastic at 7.69% and the average true range at 0.69, the RSI (14) stands at 40.30%. The stock has reached -0.33 on the 9-day MACD Oscillator while the 14-day reading was at -0.53.
Analyst Ratings
JP Morgan reiterated its an Overweight rating on The Coca-Cola Company (NYSE: KO), but raised their price target to $68, indicating a potential price increase of 11.6% for the stock.
