Coca-Cola Co (NYSE:KO) saw a downside of -1.04% to close Monday at $57.00 after subtracting -$0.6 on the day. The 5-day average trading volume is 13,943,561 shares of the company’s common stock. It has gained $58.83 in the past week and touched a new high 2 times within the past 5 days. An average of 14,962,605 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 12,028,102.
KO’s 1-month performance is -5.17% or -$3.39 on its low of $56.74 reached on 09/25/23. The company’s shares have touched a 52-week low of $54.01 and high of $64.99, with the stock’s rally to the 52-week high happening on 04/24/23. YTD, KO has lost -10.39% or -$6.61 and has reached a new high 7 times. However, the current price is down -12.29% from the 52-week high price.
Insider Transactions
KO stock investors last saw insider trading activity on Sep 18.Quincey James (Chairman and CEO) most recently sold 92,029 shares at $58.09 per share on Sep 18. This transaction cost the insider $5,346,324. SVP & General Counsel, Douglas Monica Howard, sold 21,074 shares at a price of $60.90 on Aug 10. Then, on Aug 02, President and CFO MURPHY JOHN sold 156,290 shares at a price of $62.10 per share. This transaction amounted to $9,705,328.
Valuation Metrics
KO stock has a beta of 0.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 5.61 while the price-to-book (PB) in the most recent quarter is 9.47, with the price to cash flow ratio at 25.98.
Coca-Cola Co’s quick ratio for the period ended June 29 was 0.95, with the current ratio over the same period at 1.14. 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, Coca-Cola Co’s operating margin was 28.33%. 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 $0.72 per share in earnings in its latest quarter, but it posted $0.78, representing a 8.30% 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 Coca-Cola Co (KO) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 25 September was 24.92% to suggest the stock is trending oversold, with historical volatility in this time period at 10.95%.
The stock’s 5-day moving average is $57.75, reflecting a -2.23% or -$1.30 change from its current price. KO is currently trading -5.61% above its 20-day SMA, -10.95% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -6.40% and SMA200 by-10.15%.
Stochastic %K and %D was 8.22% and 13.08% and the average true range (ATR) pointed at 0.68. The RSI (14) points at 28.23%, while the 14-day stochastic is at 10.74% with the period’s ATR at 0.67. The stock’s 9-day MACD Oscillator is pointing at -0.61 and -0.80 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Coca-Cola Co (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 6 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 $70.00. Looking at these predictions, the average price target given by analysts is for Coca-Cola Co (KO) stock is $70.32.
