As of Wednesday close, The Coca-Cola Company’s (NYSE:KO) stock was up $0.26, moving up 0.45 percent to $58.44. The average number of shares traded per day over the past five days has been 21,684,840 shares. 3 times new highs have been achieved over the past 5 days. In the last twenty days, the average volume was 14,031,795, while in the previous 50 days, it was 11,912,006.
Since last month, KO stock retreated -3.29%. Shares of the company fell to $57.63 on 09/18/23, the lowest level in the past month. A 52-week high of $64.99 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 -8.13% or -$5.17, and marked a new high 7 times. However, the stock has declined by -10.08% 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 Sep 18. Quincey James, the Chairman and CEO of the company, disposed of 92,029 shares for $58.09 on Sep 18. It resulted in a $5,346,324 divestment by the insider. Douglas Monica Howard sold 21,074 shares at an average price of $60.90 on Aug 10. The insider now owns 18,360 shares following the transaction. On Aug 02, President and CFO MURPHY JOHN sold 156,290 shares at $62.10 apiece. The transaction was valued at $9,705,328.
Valuation Metrics
Right now, The Coca-Cola Company (KO) has a P/E ratio of about 24.16. The stock’s beta is 0.55. Besides these, the trailing price-to-sales (P/S) ratio of 5.78, the price-to-book (PB) ratio of 9.72, and the price-to-cash flow ratio of 26.87 may also be considered.
The latest dividend of $0.46 per share was paid out, remained unchanged from last year’s $0.46. On Thursday February 16 2023, a $0.02 dividend increase was announced.
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. 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 9.67%, the RSI 9-day stood at 40.63% on 20 September.
At present, KO shares trade -2.70% below its 20-day simple moving average and -8.23% percent below its 100-day simple moving average. However, the stock is currently trading approximately -1.81% below its SMA50 and -8.39% below its SMA200.
Stochastic coefficient K was 22.58% and Stochastic coefficient D was 17.52%, while ATR was 0.64. Given the Stochastic reading of 28.52% for the 14-day period, the RSI (14) reading has been calculated as 38.70%. As of today, the MACD Oscillator reading stands at -0.06, while the 14-day reading stands at -0.29.
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 14.06% 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 6 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 $70.00, 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 $70.32.
